Time running out to prepare for Mifid II changes
Operational risk practitioners must prioritise reading up on the Mifid II rules, which promise radical changes in the way banks are governed and regulated across Europe
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 financial
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