Early communication, preparation are key to compliance with upcoming regulation
By Holger Wohlenberg, managing director, Deutsche
Börse Market Data and Services
Mifid II, Mifir, CSDR, SFTR, MAD/R
– The amount of new regulation due in the
near future will have a large impact on the infrastructure,
resources and budgets for market infrastructure providers and
their participants. The ubiquitous acronyms add complexity and
difficulty around every corner for all participants, and any
potential synergies between regulations, or cost savings are
unclear at this stage. Seen from the regulators’
perspectives the task appears even more herculean, policing all
financial markets to fulfill the G20 mandate of preventing
another financial crisis.
Early communication and preparation is
crucial to the successful transposition of upcoming regulatory
requirements. During 2015, we have been running close
working groups with the industry and regulators in
London, Paris and Frankfurt, the aim of which was to address
the key challenges faced by market participants and regulatory
authorities, so that they may work together on potential
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