The implementation of Mifid II has been delayed due to the scope of the project
The European Securities and Markets
Authority (Esma) may not have enough capital or personnel to
effectively support the complex technical requirements under
sweeping regulatory directive Mifid II, market experts have
"Considering its remit,
Esma’s headcount and budget (approximately
€39.5m according to the 2016 budget) seems insufficient.
Projects such as the planned reporting hubs require time and
effort to design, develop, build and maintain," said Dheeraj
Joshi, senior associate and Ravi Jain, manager in Sapient
Global Markets’ business consulting team.
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