To be MiFID II or not to be? Approaches for 2018 and who is ready?
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November 30, 2017 Welcome to A-Team Group’s webinar To be MiFID II or not to be? Approaches for 2018 and who is ready?
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Transcript of To be MiFID II or not to be? Approaches for 2018 and who is ready?
FROM
November 30, 2017
Welcome to A-Team Group’s webinar
To be MiFID II or not to be? Approaches
for 2018 and who is ready?
FROM
November 30, 2017
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November 30, 2017
http://resource.datamanagementreview.com/webinar-recording-
mifid-ii-nov2017
A recording of this webinar can be
found at
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November 30, 2017
Moderator:
Sarah Underwood, Editor, A-Team Group
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November 30, 2017
Panel Member: Beate Born, Global
MifID II Trading Project Lead, UBS
Areas of Expertise:
• MiFID II trading topics from a buy side/wealth
management perspective, including transaction
reporting, trading venue regime, transparency
and trading obligations
• Implementation of MiFID II requirements across
branches and subsidiaries of UBS
• Dealing with the implementation of complex
IT and legal entity structures
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November 30, 2017
Panel Member: James Roberts, Director, European
Public Policy, International Swaps and Derivatives
Association (ISDA)
Areas of Expertise:
• Policy process of MiFID II
• Market infrastructure and trading
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November 30, 2017
Panel Member: John Mason, Global Head, Regulatory
and Market Structure Propositions, Financial and Risk
Division, Thomson Reuters
Areas of Expertise:
• Responsible for ensuring Thomson Reuters addresses
the industry’s regulatory challenges effectively –
MiFID II and best execution are a particular focus
• Tasked with developing solutions across the product
range to meet evolving requirements of financial
market participants
• Prior to joining Thomson Reuters, John ran European
Enterprise Solutions for Bloomberg and was also
Global Head of Regulatory Reporting
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November 30, 2017
Panel Member: Peter Moss, CEO, The SmartStream
Reference Data Utility (RDU)
Areas of Expertise:
• CEO of The SmartStream Reference Data Utility
(RDU), a partnership with Goldman Sachs,
JPMorgan Chase and Morgan Stanley
• Nearly three decades in the financial data industry,
mostly at Thomson Reuters
• Established the Thomson Reuters Enterprise business
that includes Elektron real-time feeds and
DataScope
• Ran data and technology operations at Thomson
Reuters as CTO
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November 30, 2017
The mood in the market as MiFID II compliance approaches
Countries that will or may not transpose the regulation in time
Capital markets sectors that will be ready to meet the deadline
Outstanding challenges of MiFID II and how they can be addressed
The final push to get over the finishing line on 3 January, 2018
MiFID II and MiFIR plans firms should be making now for next year
First mover advantage and the benefits of well-worked compliance
Final advice for firms struggling to achieve MiFID II compliance
Talking Points
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November 30, 2017
With a month (and a few days) to MiFID II
compliance, what is the mood in the market?
• October 26, 2012: European Parliament
approves MiFID II
• July 2, 2014: MiFID II enters into force
• February 10, 2016: European Commission
proposes one year delay, which is upheld
• July 3, 2017: Deadline to implement
directive in local legislation
• January 3, 2018: Compliance deadline
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November 30, 2017
Countries that will and won’t have transposed the
regulation in time for the compliance deadline• France
• Germany
• Austria
• UK
• Spain
• Portugal
• Italy
• Sweden
• Denmark
• Finland
• Greece
• Poland
• Slovakia
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November 30, 2017
Sectors of capital markets that are, or are
expected to be, ready to meet the deadline
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November 30, 2017
The remaining challenges of MiFID II and how best
they can be addressed
• Sourcing all required data
• Obtaining necessary LEIs
• Getting ISINs from the DBS
• Working with APAs and ARMs
• Transaction reporting
• Trade reporting
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November 30, 2017
The final push that will get firms that are nearly
ready for MiFID II over the finishing line
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November 30, 2017
How will 2018 look and can we expect any
changes to the regulation?
• Systematic internaliser issues?
• Early days for APAs and ARMS?
• Troubles with ISIN allocation?
• Introduction of the Financial
Instrument Reference
Database (FIRDS)?
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November 30, 2017
MiFID II and MiFIR plans firms should be making
now for 2018
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November 30, 2017
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November 30, 2017
Complete and well-worked compliance, and the
benefits it can deliver
• Reduced costs over time
• Operational efficiencies
• Better understanding of data
• Base to streamline regulatory data
• Additional and useful datasets
• New business opportunities
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November 30, 2017
First mover advantage of MiFID II compliance
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November 30, 2017
Last minute advice for firms struggling to meet the
MiFID II deadline
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November 30, 2017
Thank you to our sponsors
Email: [email protected]
Web: smartstream-stp.com/contact
Web: [email protected]
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November 30, 2017
Upcoming A-Team Group Webinars
Visit webinar sections of
Datamanagementreview.com and IntelligentTradingTechnology.com
December 12th – Data management requirements for the 2018 regulatory agenda
December 14th – Measuring results from client onboarding solutions
March 22nd – How to track usage for the market data services you pay for
FROM
November 30, 2017
A-Team Group Handbook Series
Visit the handbooks section of
Datamanagementreview.com and IntelligentTradingTechnology.com
