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Countdown to MiFID II: Europe’s stickiest red tape?

Robert Cruz | June 13, 2017

MiFID II is one of the most complex regulatory initiatives in many years, and it’s not just Europe’s problem. Its spectre looms large over all sides of the pond, as U.S. financial institutions operating in the U.K. or EU must either strengthen processes and procedures, or create entirely new ones to deal with a slew of new requirements.

Due to its complexity, many companies aren’t fully aware of how to prepare their businesses for the drastic communications compliance changes that MiFID II will bring, and are vulnerable to a slew of new fines.

In assessing your company’s readiness for MiFID II, consider the following areas:

It’s the content, not the channel that matters: Firms must capture records, in context, across multiple channels. It won’t matter whether your employees are communicating through Skype for Business, Facebook, or a rotary telephone—if their conversations fall under those regulated under these compliance mandates, they must be...

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