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GDPR and MiFID II – clash or opportunity?shieldadmin
By Shiran Weitzman, CEO, Shield Financial Compliance Building a data management blueprint Compliance teams who are able to bring the upcoming General Data Protection Regulation (GDPR) together with the revised Markets in Financial Instruments Directive (MiFID II) will provide a sturdy yet flexible framework for data management within their firm. MiFID II’s reporting requirements are notorious, for the breadth and depth of data they require firms to collect. The scale of the problem is characterised by the range of data types that [...]
MiFID II is here but the regulators have only just got startedshieldadmin
By Shiran Weitzman, CEO, Shield Financial Compliance MiFID II may have come a little too quickly for some companies. Its scope, the slow pace of its formulation and the myriad interpretations of its applications and implications meant much of the EU’s financial services industry had to rush through changes to comply with it. Many firms struggled to meet the January 3 deadline despite hundreds of City workers spending the Christmas break – their holiday leave cancelled – rushing to put processes [...]