UPDATE: Markets, Regulators Not Yet United on Mifid II

Just over a week into Europe’s new financial regulatory regime, Joanne Faulkner assess the key challenges that still lie ahead as market participants and regulators alike grapple with the data and reporting requirements of Mifid II.

The European Commission’s revamp of the Markets in Financial Instruments Directive—the pan-European capital markets regulatory framework first introduced in 2007—finally arrived on Wednesday, January 3, leaving market participants facing the daunting task of reporting more data to regulators than has ever before, notably around the requirements covering transaction reports.

Under Mifid II, the scope of these reports has expanded from 24 fields under the original rulebook to 65 fields today

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

How GenAI could improve T+1 settlement

As well as reducing settlement failures, researchers believe generative AI can provide investment managers with improved research, prioritization, and allocation resources.

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