The FSA is encouraging senior management at regulated firms to begin preparing for the implementation of the European Union’s Markets in Financial Instruments Directive (MiFID), which is likely to come into force on 1 November 2007. The Directive will have a significant impact on financial services regulation in Europe and how firms operate and interact with customers. The FSA has published ‘Planning for MiFID’, a short guide highlighting key areas, such as conduct of business and systems and controls requirements, which will be affected by the directive and the likely main practical implications for regulated firms. It has also published the ‘International Regulatory Outlook’ which analyses regulatory change that is being driven by European and other international initiatives and its likely effects on UK financial services. According to the FSA, the introduction of MiFID will affect most FSA-regulated firms carrying on investment business, whether or not that business falls within MiFID’s scope.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more