Are you taking control of the MiFID II agenda? (PricewaterhouseCoopers)

August 2012

KEYWORDS: MiFID, MiFID II, asset managers, Survey, technology, hedge fund operation, Hedge Fund Regulation, transparency

Authors:

PricewaterhouseCoopers

Organizations:
  • PricewaterhouseCoopers

Summary:

MiFID II is much more stringent than MiFID I and it is expected to be implemented around 2014/2015. The implications of the regulation for firms are complex and far-reaching.

Based on our experience in the industry and on specific data from our European-wide survey, we think that:

  • You need to be assessing MiFID II’s strategic implications on your business
  • Ignoring the inter-connectivity of regulations is costly
  • Engaging the business early in MiFID II is essential
  • Lobbying may still be beneficial
  • Firm’s preparations are limited at this point
  • It’s too early to accurately assess total spend

We outline the strategic and commercial impacts for asset managers, retail banks and broker dealers in our latest point of view, as well as the operational and technological impacts.

We also break down the impacts by industry sector, based on our European-wide survey, so you can see how you measure up to your peers.

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