Harmonizing regulations may be complicated, but there is a push in the industry to adopting standard technology global to meet growing regulatory obligations.
Firms dealing with the latest MiFID II and Market Abuse Regulation requirements, which went live on January 3, can leverage their experience with the US Securities and Exchange Commission’s Rule 15c3-5 regarding risk management for broker-dealers that offer direct-market access.
“The most challenging part of MiFID II was the regulation’s fluidity,” Anthony Amicangioli, CEO of Hyannis Port Research, told Markets Media. “MiFID II was ever-changing up to and through its deployment. In my view, it completely fell down.”READ FULL ARTICLE