The fifth annual release of the Global Regulatory Outlook (GRO) aims to assist the global financial services industry in navigating the key regulatory developments for 2017.
With the January 2018 MiFID II deadline approaching, policy makers and regulators are scrambling to implement the rules. The European Commission started on MiFID II in 2011, finalized the legislation in 2014, and finished implementing the legislation in 2016, and ESMA has been providing Level 3 guidance since.
"A short-term, piecemeal approach to dealing with MiFID II is likely to result in firms spending more time and effort further down the line and could entail missing some of the opportunities that the legislation presents," as Nick Bayley, Managing Director at Duff & Phelps, explains.
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