MiFID II is set to take effect on January 3rd, 2018 and many firms remain unprepared. In fact, several surveys indicate that as many as two-thirds of firms are not ready for MiFID II – even as regulatory costs are expected to double in the next 5 years.
Financial firms need to ensure that all communications that lead to a transaction – including email, social, voice, and messaging and even face-to-face communications – are captured and reconciled to satisfy MiFID II requirements. Attempting to meet this requirement with multiple, unintegrated systems can create significant MiFID II compliance risks and add to already heavy workloads of compliance and IT staff.
Watch this On-Demand Webinar, where you will learn:
- How MiFID II will impact record keeping, investor protection, supervision, reporting and trade reconstruction
- How Actiance helps you control and retain all communications sources and feed downstream applications
- How Fonetic helps you reconcile communications associated with trade events and take immediate action on compliance alerts