MiFID II implementation is well underway but there is no time for respite. Part 2 of this series considers how the changes involved in the MiFID II research unbundling process, particularly regarding client data, can cause the sellside to inadvertently breach the GDPR.
The first article in a two-part series, Johnson Oni outlines how MiFID II’s research unbundling mandates pose significant operational and tactical challenges to sellside institutions. Part 2, to be published next week, will explore how the process of becoming MiFID II research unbundling compliant may, in fact, breach the upcoming General Data Protection Regulation (GDPR).
The broker community and asset managers let out a collective sigh of relief last week as the Securities and Exchange Commission (SEC) issued a number of “no-action” letters to address clashes between the US government and the upcoming MiFID II regulations.
A new report from GreySpark Partners examines how a large number of investment banks and exchanges are experimenting with usage of the blockchain and distributed ledger technology (DLT) in 2015. The report, The Blockchain: Capital Markets Use Cases, highlights how these experiments are supported by software applications that are being developed by a raft of financial technology start-up companies based in Europe and the US, and how usage of the blockchain by banks is poised to increase in the future as applications for DLT become more widespread.
The GreySpark report, Trends in Fixed Income Trading 2014, highlights that e-trading technology can provide new ways for banks to maximise the efficiency of their dealing activities as part of a broader effort across the industry to move from a principal model of trading to an agency, broking-centric trading model. The report explores the different ways in which banks are increasingly adopting new, innovative business models for fixed income dealing in 2014.