Once in force, what behavior should MiFID II encourage?
To comply with MiFID II, financial institutions should record and monitor all order-related communications across all channels. To ensure compliance an institution should understand which information must be present and monitored together with the scope relevant for each channel. The minimum of information required in a transaction related communication is:
The objective is clear. Facilitate a transparent communication, reducing any misconduct, abuse or fraud and thus indirectly increasing the number of trades or transactions made.
It is not just policy enforcement but also a shift in business conduct.
Join us and industry peers including Compliance Officers, CIOs and Financial Service Professionals in the upcoming Webinar on December 5th, 2017. You will learn how a time and cost consuming manual analysis of all transactions can be fully automated by adopting speech tech solutions that ensure MiFID II compliance and an optimization of processes and a better use of data collected.