The Growing Reporting Burden of MiFID II


The upcoming Markets in Financial Instruments Regulation (MiFIR) and its accompanying directive (MiFID II), introduces or extends several different rubrics of data reporting. Among the most challenging from a data management perspective is the 65-field transaction report. And regulators won’t be lenient when it comes to enforcing standards of data quality, reports Joanna Wright.

With less than a year to go until MiFIR/MiFID II extends its reign over the European Union, firms’ preparations for transaction reporting should be well under way, experts agree. Larger buy-side firms, in particular, may have to grapple with data sourcing issues, and unfamiliar tasks and workflows. So what is required of firms, and at what stage should they be in their preparations?
MiFIR widens…

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