MiFID Publications
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Following the global financial crisis, the European Commission (Commission) decided to review the MiFID framework. The resulting revised Markets in Financial Instruments regime (MiFID II/ MiFIR) will entail challenges and potentially change the business models for the entirety of financial institutions and financial product manufacturers operating or distributing in the EU.
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PwC's latest point of view outlines the strategic and commercial impacts of MiFID II for asset managers, retail banks and broker dealers as well as the operational and technological impacts.
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MiFID II is at the heart of a global regulatory reform which aims at establishing a safer, sounder, more transparent and more responsible financial system working for the economy and society as a whole.
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The review of the Markets in Financial Instruments Directive (MiFID II) will impact investment firms and the overarching European securities markets structure fundamentally. In addition to upgrading the current regime for equities markets, MiFID II proposes to extend this revised regime to a far wider range of product classes, including over-the-counter (OTC) derivatives and fixed income products.
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PwC’s latest MiFID II insight provides information on the impact of MiFID II, a detailed MiFID II timeline and information on what you should be doing today. It will affect all areas of your business and should be approached as a major change programme ― not a compliance exercise. Trading models will need to be redesigned and the effects on your business strategy assessed. Preparing early will overcome major threats, optimise strategic benefits and minimise the cost of compliance.
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