Asset Management Systems Insights
22nd August 2017
Complying with regulations and gaining commercial advantage are not always easy bed fellows. So if you are an adviser or wealth manager grappling with the upcoming implementation of the EU’s second Markets in Financial Instruments Directive (MiFID II) the first response may be to think of it as yet another drain on time and resources rather... read more
17th August 2017
By Silvan Arpagaus - Manager, Iris Grewe - Partner, Ronald Frey - Partner, at BearingPoint
Financial institutions are exposed to a greater regulatory pressure on the part of various national and international authorities, especially from Europe and the USA. The Foreign Account Tax Compliance Act (FATCA), the Automatic Exchange of Information... read more
16th August 2017
Our roundup of the biggest people moves affecting the fintech industry throughout 2017.
Metro Bank appoints Chief Technology Officer
Earlier this month Metro Bank announced the appointment of Martyn Atkinson as Chief Information Officer (CIO). Atkinson is currently director of digital and change at the bank and will take up the... read more
16th August 2017
There are a huge number of people currently not working, having retired from full-time employment, who don’t have adequate pension pots to allow them to live in comfort. And there are also an awful lot of people who are still working but will be heading for the same future.
The age of retirement continues to rise, and while many will have... read more
15th August 2017
The Quality of Execution provisions of MiFID II apply pressure on both the buy-side and sell-side to provide self-assessment of their execution capacity. Critically, investment firms will be required to answer hard questions about their allocation of trades between markets and brokers. These questions require a formal response. While it is tempting... read more
14th August 2017
The financial industry remains one of the largest and most highly scrutinized and regulated industry’s in the world. In the U.S. alone FINRA, a not-for-profit organization authorized by Congress to protect America’s investors, keeps watch over 632,740 brokers representing over 3,800 broker-dealer firms. In 2016, FINRA referred 785... read more
14th August 2017
This feels nothing like the time before MiFID I went live, but in essence it is a similar upgrade to instrument reference data as it was then. In the period before EMIR went live, Euromoney TRADEDATA collaborated with the then FSA to create a fit-for-purpose AII (Alternative Instrument Identifier) data set for certain EU markets; a data set that... read more
9th August 2017
Within MiFID II, the EU determines the operating conditions for investment firms and defines provisions to ensure investor protection, including the requirements for pre-trade (or ex-ante) cost information.
Institutions have to provide cost information to the client in advance, encompassing not only the transaction costs but also the... read more
4th August 2017
In less than six months’ time, asset managers will be unable to receive investment research unless a commercial agreement is in place. MiFID II clearly stipulates investment research will need to be explicitly priced and cannot be linked to the volume or value of transactions executed by the broker – in other words, research charges... read more
27th July 2017
There are a number of priorities that firms in the alternative investment sector must attend to, but in today’s increasingly cyber environment, the biggest must be cybersecurity. Following closely behind, is compliance with mandatory regulations. The two priorities are often intrinsically linked, and should be approached as one.
But where... read more