Collecting, enriching, delivering
Looking at Mifid II more closely, Accudelta’s survey found that ‘collecting, enriching and delivering trade data’ was the most challenging area for fund managers, with 59% placing this area of responsibility as most or second most challenging part of this regulation.
O’Mahoney added: “It is clear from our conversations with asset managers across Europe that the new regulations are having a profound effect on the industry and that firms are keen to make sure they are in a strong position ahead of the changing rules.
“Although fund managers have been given a slight reprieve from Mifid II, it seems that this regulation is still the main area of concern for asset managers across Europe. There are links between the transparency requirements for Priips and Mifid II so it’s only natural they are looking for reusable data.”
Solvency II
She said: “Whilst it is comforting to note that so many asset managers are already planning for the regulatory requirements ahead, it’s perhaps more concerning that over a quarter of those we spoke to consider Solvency II as the most important regulation – even though this legislation came into force six months ago.”
