The cost of achieving and maintaining compliance is increasing as firms invest in understanding regulation
By Dheeraj Joshi, Senior Associate in Business
Consulting and Ravi Jain, manager in business consulting at
Sapient Global Markets
Since 2007, European Securities and Markets
Association (ESMA) has implemented and/or proposed a host of
regulations that will have a significant impact on
firms’ reporting requirements. As evidenced by its
growing list of regulations – from MiFID and EMIR
through to MIFID II/MiFIR and the
Securities Financing Transaction Regulation (SFTR)
– ESMA plans to bring together all OTC derivatives,
ETDs and securities financing transactions into its purview as
early as 2018.
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