In order to reinforce investor protection and make the market infrastructure more crisis-resistant, MiFID II and MiFIR legislation is coming into force within the European Union, along with the packaged retail and insurance-based investment products (PRIIPs) regulation. Banks need to perform analyses and determine the extent to which the comprehensive new regulations are applicable – the MiFID II rules alone contain 150 articles.
We help you to gain an overview of the impact that these regulatory requirements will have on your customers, processes, products, organisation and IT system. We use our precise analysis as a basis for determining the areas of activity for your company. We will work together with you to analyse and optimise your processes.
We act as an intermediary between your specialist department and your IT team and we develop a specialist policy, which we integrate into a business rule management system:
Developing the target market criteria
Analysing and optimising product governance
Developing the logic for risk categories
Identifying the ‘golden source of data’ for cost components
Compliant delivery, including delivering the reports digitally