Firms wary of time-stamping under Mifid II but rules could present an opportunity
By Ian Salmon, market consultant, finance
The narrative surrounding Mifid II so far
hasn’t exactly been a positive one and few in the
financial services industry have cast Esma as the hero of the
story. While the industry accepts the need for changes to
certain practices, Mifid II represents the most far-reaching
change ever to hit the industry in one fell swoop. Change of
that magnitude is scary; it’s also potentially
expensive and difficult. So some trepidation is understandable,
however, is it possible we’re telling the wrong
story? Could it be that, if approached holistically, some of
the changes mandated by this impending regulation could
actually result, through 'unintended
consequences’, in positives for the business? In
the case of time-stamping, Mifid II could actually empower the
business to access and analyse incredibly valuable and powerful
key metrics not previously available - in near real time -
giving the recipient business owners far greater visibility of
the performance/utilisation of their greatest assets. In fact,
maybe the move to Mifid II could be less a white elephant and
more a white knight.
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |