How MiFID II affects communications monitoring

Fonetic Team
Monday, 15 July 2019 / Published in MiFID II, Trading

MiFID II was launched in January 2018 to ensure fairer, safer and more efficient markets. It’s goal, to increase transparency for all its participants. That’s Mifid II in a nutshell. But, as the regulation continues through its second year, and with the additional pressure of SMR compliance and GDPR leaving the sector in a whirlwind of reform, are firms keeping pace?

It seems that brokers have recently come under the firing line, both in the UK and US. In their recent CEO letter, the FCA has highlighted some key concerns which still haven’t been dealt with, particularly the current renumeration model being described as “poor and outdated” and a “root cause of misconduct risk in this sector”.

In this blog we will review some of the MiFID requirements and how effective communications monitoring can drive compliance within Financial Institutions and large to medium IDBs or smaller broker firms. 

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What you need to know about proactive trade reconstruction

Fonetic Team
Thursday, 22 February 2018 / Published in Regulation, Dodd- Frank, Trade Reconstruction, MiFID II

One of the main preoccupations for banks and financial institutions in 2018 is getting regulation ready. With so many different regulatory protocols to comply with, and tight deadlines within which to prepare, it is a considerable challenge for organisations of all sizes and resources.

With numerous regulations to manage, notably Markets in Financial Instruments Directive II (MiFiD II), Market Abuse Regulation, and others such as the Dodd-Frank Act, financial institutions have had to devote huge amounts of resources to meet these obligations.

Considering this investment as well as the intricate, lengthy work processes involved, it is only natural to simply want to reach a stage where your organisation is regulation ready.  

In this brief article, we look at how proactive trade reconstruction not only helps your organisation to be regulation ready, but also the numerous value-added benefits that go much further than mere compliance.