Know Your MiFID Customer

Welcome Guest. | Log In| Register | Membership Benefits

Choose Segment:
Banking
|
Insurance
|
Capital Markets
|
Trading/Exchanges

Wall Street & Tech Digital Library > Compliance >

Overview: The Market in Financial Instrument Directive (MiFID), a far-reaching piece of European legislation, is aimed at creating a unified European capital market and providing strong protection for investors. Everyone in the financial community offering investment services in Europe must conform to the MiFID provisions as enacted by the governing regulator. Of the new requirements, ILOG's Business Rule Management System (BRMS) is especially helpful in the following areas: Client classification, Suitability and appropriateness tests, and Best Execution. As the market develops under these new regulations, execution venues will appear and disappear and rules governing those policies will have to be reviewed frequently, redefined or supplemented. MiFID also requires that these rules be transparent and fully auditable to ensure the firm's best execution policy has been achieved for every transaction.

Click here to view now

View all content from this source

Not what you’re looking for? Search again

More From the Compliance Section

Featured Capital Markets Resources

Sustainable Technology
Wall Street firms save money in their data centers while saving the planet

Knowledge Transfer: Challenges of Managing Counterparty Risk
Find out how firms can stay an arm’s length away from the ravaging effects of realized credit risks, while continuing to trade during times of extreme market volatility.

Managing Real-Time Risk in Capital Markets Executive Brief
Read this executive brief to learn why today's risk management practices underestimate risk exposure, how to...

Upcoming Capital Markets Webcasts