MiFID II for the UK banking industry
The British Bankers Association invited PwC to present to their members at their Markets in Financial Instruments Directive II (MiFID II) conference on 30 January 2012.
Banks, investment companies and others who will be impacted by MiFID II got together to look at the recent proposals and to explore how these reforms will affect their business.
Munib Ali, from our MiFID II team, discussed how MiFID II fits in with the wider global regulatory reform agenda facing the banking industry, and how it overlaps with other regulations in Europe. Munib discussed important implications of MiFID II; looking at how this regulation will impact on different areas of a banking business model. The presentation finished with what we are seeing in the market place, how banks are responding to this regulation now, and what they can do to address overlaps and interdependencies of other regulations.
In this short video with Munib, he outlines the main points from his presentation, including:
- The wider regulatory reform agenda
- The implications MiFID II will have for banks
- What PwC are seeing in the market now
Look out for more of our updates on MiFID II coming soon. You can sign up to our MiFID II mailing list to stay updated on the latest thinking on this major European regulation.
