Article – Existing MiFID II Reporting solutions might not be sufficient

30 Jul, 2018
Article – Existing MiFID II Reporting solutions might not be sufficient

In the recent Global Investor Group Article entitled “Firms may not pass ESMA’s MiFID II Reporting Audit – Expert”, the expert who is quoted is Risk Focus’ Lloyd Altman.

In the article, Altman is quoted as saying ““In some cases firms squeaked over the line to be compliant with reporting rules on January 3, but one of the outstanding questions is whether they would pass the health check that we carry out to help them prepare for or respond to the European Securities and Markets Authority’s (Esma) audit”.

The MiFID II regulation is explicit in RTS 22, Article 15, that firms must have controls in place to ensure accurate and complete reporting. Risk Focus provides Health Check services to identify problems and weaknesses in their MiFID II and G20 trade and transaction reporting controls.

Click Here to Learn More

More articles