MiFID II is the long awaited update to the existing MiFID framework aimed at improving transparency and reducing risk in the financial markets. While deadline for implementation is 3rd January 2018, the burden on financial firms is significant with wide implications for their operations and business models.
|Fear of uncertainty||Continuous changes||Operational & cost challenges||Planning, cost and effort of implementing the directive|
|Uncertainty||Communication with Investors|
|Moving target, varying levels of awareness and readiness||Cost of not being ready|
|Tight timescales||Known unknowns|
|Cost competitiveness||Unknown Unknowns|
With our domain expertise across wealth management and technology proficiency in building innovative award winning solutions, we are well poised to help our clients address the challenges and gain competitive advantage in the industry.