MiFID II Events

MiFID II Events

Thomson Reuters is committed to helping your firm identify relevant solutions for MiFID II that will enable you to comply and compete with confidence.

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The January 1, 2022 compliance deadline for Fundamental Review of the Trading Book (FRTB) regulation may be three years out, but if your organisation is within scope of the rules, the time to address their data management challenges is now.

As Markets in Financial Instruments Directive II (MiFID II) hits the six-month mark after go-live, many financial institutions within its scope continue to work both internally and externally with Approved Reporting Mechanisms (ARMs) to improve the accuracy, timeliness and efficiency of their transaction reporting. Some of the problems implicit to transaction reporting include managing ISINs required for OTC derivatives and LEIs required for all entities trading with European counterparties. The webinar discusses solutions to these and other problems, and identifies what outstanding transaction reporting looks like.

The concept of data standardisation is gaining ground as financial firms tackle mounting regulatory requirements while seeking to improve efficiency and reduce costs. Identifiers such as Legal Entity Identifiers (LEIs) and International Securities Identification Numbers (ISINs), and classification codes such as Classification of Financial Instruments (CFI) codes, provide some standardisation to data management, particularly for regulatory reporting, but what next and what are the challenges and opportunities of data standardisation?