Delegates at Technology Solutions for Asset Management (TSAM) found that the lack of clarity on detailed MiFID regulations was still an obstacle facing buy-side firms in reaching the November 2007 deadline. Speakers at Osney Media’s fifth TSAM event urged investment managers to act now in preparation for the new harmonized trading landscape that will descend upon Europe once MiFID and UCITS III comes into force over the next year. The overarching message from TSAM 2007 was that despite the ambiguity clouding the industry’s preparations for MiFID, firms should not hold back implementation. While there appears to be no silver bullet for achieving compliance with requirements, such as best execution and transparency, the core recommendation for the buy-side, as highlighted by Darren Purcell, director of securities classifications, Standard & Poor’s, is to establish a holistic compliance framework that combines both centralised and integrated data management with the right balance of trading and risk technology.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.