Time running out to prepare for Mifid II changes

Getting to grips with new rules should be an op risk priority

stopwatch-its

The revised Markets in Financial Instruments Directive, or Mifid II, may not be an easy read, but operational risk practitioners should closely examine it. The updated directive introduces a number of new operational risk control measures which have yet to gain wider awareness among the operational risk community – specifically, a much more prescriptive regulatory approach and significant changes to risk and control functions. The original Mifid, now the cornerstone of European financia