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Mifid II, Solvency II most concerning for asset managers 

July 12, 2016

Kirsten Hastings, International Advisor

Mifid II and Solvency II are the regulations asset manager think are most important this year, with data collection, enrichment and delivery identified as the most challenging areas.

A straw poll of asset managers by data management provider Accudelta found that over half (52%) said that Mifid II was the most important regulation for their firm this year, with Solvency II coming in second with 26%. 

With a raft of existing and upcoming regulation to address, many asset managers said that they are looking for ways to minimise the reporting burden associated with both pieces of regulation, with some looking to reuse reporting and regulatory data. 

Mifid II: Adopted in 2007, the existing Markets in Financial Instruments Directive (Mifid) aims to improve the competitiveness of EU financial markets by creating a single market for investment services and activities, and ensuring a high degree of harmonised protection for investors in financial instruments, such as shares, bonds, derivatives and various structured products. Read more

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