Regulatory data exchange Silverfinch has added a MiFID II-specific solution to its data model in preparation for the regulations, which come into force in January 2018.
The solution allows asset management clients to build a tailored template, which aggregates the data from different sources and securely delivers it to distributors. MiFID II, an EU regulatory initiative that looks to improve transparency across financial markets, impacts a broad array of asset management business, encompassing everything from transaction reporting to research acquisition. A 2016 report from Boston Consulting Group found that asset managers and investment banks are expected to spend in excess of $1bn to comply with the directive. The FCA has publicly raised concern...
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