RegTech Intelligence

Who’s ready for MiFID II – on the buy-side?

JWG are pleased to announce the launch of an independent benchmark survey {link} investigating the approach asset managers are taking to transform their operating models to be MiFID II compliant.

MiFID II will be the biggest regulatory change since the 2008 financial crisis.  It is a complex and interconnected beast that will affect your business and operating model in ways that are not always obvious – even to the experts – and it’s estimated it will cost the financial industry billions to implement.

Getting MiFID II right is going to be crucial to operating models, technology stacks and, ultimately, bottom lines.  JWG have been working with MiFID experts since 2005, conducting our first MiFID survey back in 2006.

This time around, we have been helping to crowdsource implementation intelligence during the last 2 years with 200+ individuals from dozens of top firms and vendors through our MiFID Implementation Group.  The MIG is a JWG-facilitated weekly (or more) meeting of industry experts who are all directly involved in MiFID II implementation.  The group engages in collaborative issue identification, standard setting and guidance.

With only 175 work days left until the January 2018 deadline, JWG are looking for feedback from the asset management industry on where it is in the implementation lifecycle, how some of the critical decisions are being made and how well the multi-billion euro implementation market is delivering results that work for the sector.

We are looking for participants involved in steering the MiFID II workstream from risk, compliance, regulatory change, technology, operations, product development, investment, distribution, sales and, of course, senior management to participate.  All responses will be completely confidential.

The anonymised survey results will enable the participants to better understand where their programme stands relative to their peers’ in order to inform the critical decisions that must be made imminently in order to ensure that resources are spent in the right areas before January.

To say thank you for the 15 minutes it should take to complete the 23 questions, JWG will provide all respondents with a copy of the report and invite you to the follow-up webinar later this quarter.

The webinar “Who’s ready for MiFID II?” will include industry experts and guest speakers from top firms and will focus on the conclusions from, and implications of, the survey.  Results will be discussed in the context of what should be prioritised by which groups and this should help to ensure that that the industry is in the optimal place by January 2018.

The survey is open from 03 May to 2 June.

To take the survey, click here: {link}

If you have any questions, please email or call +44 207 870 8004.

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