Countdown to MiFID II go-live date begins
The revised Markets in Financial Instruments Directive (MiFID II) and new Regulation (MiFIR) were published on 12 June in the Official Journal and will enter into force on 2 July. This is an important milestone as it officially starts the countdown to the 2017 go-live date, establishing the various deadlines that firms, member states, national competent authorities (NCAs) and the European Securities and Markets Authority (ESMA) will need to meet.
2014 Hot topics for internal audit in financial services
The role of internal auditors in the financial services sector remains under scrutiny. Internal audit functions will need to carefully consider their approach to these matters and to demonstrate coverage of a number of sensitive and ambiguous topics.