A challenge for compliance projects is the lack of time to look for solutions
Cian O’Braonain, director of regulatory reporting
practice at Sapient Global Markets
With the recent EC announcement that Mifid
II will be delayed by a year, as reported by FOW Wednesday, many firms
will be breathing a sigh of relief as a delay had, essentially,
become their Plan A, while Plan B was working to the original
Indeed, much of the industry is unprepared
to tackle the biggest regulation challenge in recent times.
That’s according to a new survey conducted by
Sapient Global Market during a recent webinar "Mifid II
– What is the game plan now?" which included over
500 industry participants. That survey found only 10%
considered themselves "very ready" to face the forthcoming
regulation, while 90% indicated they were "not ready" or just
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