major trends mifid ii

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Level of readiness, strategic responses and major trends for 2018 in the wake of MiFID II

When the going gets tough, the tough get going...

Investment firms can no longer live off the fat MiFID II entered into force on 3 January 2018. Affected entities in Luxembourg took very different approaches to the MiFID II regulation in 2017, and the regulatory, strategic, and operational conseque nces are likely to take up a lot of their time in 2018 as well.

Executive Summary

They have broken the back of the beast and are starting to see light at the end of the tunnel

Investment firms’ level of readiness

In 2017, most firms dedicated significant time, resources, and (in most cases) IT manpower to being MiFID II ready by the start of 2018. As a result, significant progress has been made regarding the level of regulatory compliance and communication to clients and staff.

1) Level of regulatory compliance of MiFID firms
The level of coverage of the regulatory constraints seems to be very high in Luxembourg.

2) Client communication and staff
Most actors view ensuring that clients and staff understand all of the strategic and operational changes in the context of MiFID II as a key element of MiFID II implementation.

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Inside magazine issue 18, June 2018

Inside is Deloitte’s quarterly magazine offering an exclusive insight into best practices, trends and opportunities faced by our clients across all industries.

Inside focuses on the main hot topics relevant for the market (Asset management, Banking, Insurance, Public sector, Healthcare, Private equity, Real estate, TMT, Manufacturing and consumer business, Transport and logistics).

PDF - 11.2MB
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