21 posts categorised "MiFID II"
20 November 2019 Sustainable investing: rooting out conduct risk and why MiFID II matters By Lucas Penfold & Leo Donnachie The appetite for sustainable investing shows no sign of letting up anytime soon. The asset management industry clearly recognises...
07 November 2019 Product governance review - a wake up call for asset managers? By Lucas Penfold, Catherine Crouch and Vasco Vicini The new product governance regime introduced under MiFID II has been a hot topic for asset managers...
07 November 2019 Perfecting transaction reporting: what can you learn from MiFID II? By Arthur Marquis and Lucas Penfold 30 million. That’s the number of transaction reports the Financial Conduct Authority (FCA) processed on an average working day...
28 October 2019 Moving away from LIBOR? Don’t forget your client You’ve thought about repapering, market liquidity, exposure monitoring…But how about your clients? By now, most asset managers are beginning to embark on the LIBOR transition journey and wonder whether they will be ready to pull the plug at the end of 2021. As they ramp up progress though, they mustn’t forget to place client outcomes at the centre of their thinking. Conduct risk now features high on the regulatory agenda, and relevant investor protection obligations under MiFID II are likely to play an important role in helping to manage such risk. In this blog, we consider some of the key aspects of the MiFID II framework that firms should carefully consider in the context of their LIBOR transition programmes.
03 October 2019 MiFID II research review - what next for firms? Reading the FCA’s supervisory review into research unbundling, firms could be forgiven for thinking this is a job well done. But beyond the positive headlines, there are some clear messages for firms to reflect on, and the FCA highlights areas where it plans follow-up work. It is clear that the FCA will continue to assess firms as they respond and bed in the changes. Firms may need to defend their research pricing decisions to the regulator and, as we explain below, look again at MiFID II research practices in a number of areas.
03 April 2019 MiFID II supervisory review: FCA has low-priced research in its sights The research unbundling reforms under MiFID II have been a widely debated topic across investment banking and asset management sectors in recent years. These reforms have represented a major change for industry, creating a number of challenges and important strategic questions for firms. With the Financial Conduct Authority due to publish the output of its supervisory review on this topic in Q2 2019, firms should prepare themselves for some strong messages and ongoing scrutiny in relation to low-priced research models.
13 September 2017 Client Asset oversight … when one becomes two By James Steele-Perkins and Rob Anderson The Financial Conduct Authority (FCA) recently consulted to extend the Senior Managers and Certification Regime (SM&CR) to all sole...
08 August 2017 What should CASS mean to the second and third lines of defence for investment firms? By Brandy Rosel and Irfan Elias Changes in the Client Money and Assets (CASS) regulatory landscape, such as the Financial Reporting Council (FRC) Assurance Standard...
12 July 2017 How will MiFID II impact the role of those responsible for CASS? By Brandy Rosel and Irfan Elias The Financial Conduct Authority’s (FCA) MiFID II policy statement (PS17/14) released last week contained over 40 pages of changes...
25 May 2017 MiFID II: Helping you hit the target (market) By Philip Raines Following on from our introduction to MiFID II Product Governance in the last blog post, this blog considers how you define and...
24 April 2017 How healthy is your MiFID II programme? A health check of your MiFID II programme should focus both on the programme governance and management as a whole as well as the individual work streams/content areas.
28 March 2017 MiFID II research: will your firm be ready? Investment firms are starting to acknowledge that delays to the implementation of their research programmes won’t just jeopardise MiFID II compliance but may also lead to material revenue impacts for their businesses. Buy-side firms are now engaging with research providers to plan for how they will meet their own MiFID II obligations by the deadline.
17 March 2017 The critical role of governance, risk and control in the successful implementation of MiFID II What makes implementation of a governance, policy and control framework for MiFID II successful?
21 February 2017 MiFID II Product Governance: making sense of uncertainty By Philip Raines and Naveed Rajput Market participants have woken up to the significant amount of change that MiFID II Product Governance will enforce on...
15 December 2016 Under Construction: Prudential regime for investment firms The European Banking Authority’s (EBA) discussion paper on proposed capital requirements intends to re-classify the population of investment firms and then redesign the minimum regulatory capital requirements
22 September 2016 MiFID II: The UK prepares By Andrea Wintermantel If anyone was expecting the turbulent events of the summer to have an impact on the Financial Conduct Authority’s (FCA) implementation plans...
25 July 2016 Product design and governance: An opportunity presents itself MiFID II’s Product Design and Governance requirements particularly overlpas with the Packaged Retail Investment and Insurance-based Investment Products (PRIIPs) requirement to produce a Key Information Document due to come into effect on 31 December 2016.
18 July 2016 Just another disruptor: Opportunity and challenges of Brexit for asset and wealth managers The Asset and Wealth Management (AWM) sector has shown itself to be well-prepared, but the longer term implications of withdrawal from the EU remain uncertain. Rather than an isolated issue, Brexit is better seen as the latest in a long list of disruptors reshaping the sector, in areas ranging from regulatory upheaval to the move towards digital advice models.Find out where we can go from here in our latest article.
14 July 2016 Banks know all about disruption. That’s why Brexit brings opportunities as well as challenges UK Banks know all about disruption. That’s why Brexit brings opportunities as well as challenges.
01 June 2016 MiFID II: Almost all the answers On 18 May the European Commission published its latest Delegated Regulation, which means that the MiFID II Delegated Acts are, at last, finalised.
- Andrew Gray
- Ann-Marie Stone
- Asset Management market study
- Be fearless
- Brian Polk
- Conduct and culture
- Conor MacManus
- Daniel de Búrca
- Financial crime
- Financial Participation
- Grant Lee
- IFRS 17
- MiFID II
- Operational Resilience
- Risk strategy
- Sarah Isted
- Senior Managers & Certification Regime (SM&CR)
- Senior managers regime
- Simon Chard
- Solvency II