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By Denis Costermans, EY Advisory, Directeur Associé Jens Schmidt, EY Advisory, Manager
3 key things to remember :
- MiFID II, from January 2018, will require firms, large as well as small sized, to publish details of their OTC transactions in non-equity instruments near real time (commonly referred to as OTC Post Trade Transparency).
- Many firms may be concerned if we consider how fixed income trading is conducted for instance and small to mid-sized banks and asset managers often face significant implementation challenges due to technical and human resource constraints.
- A compliance short cut by delegating the publication to larger OTC counterparties is available. However, persistent regulatory uncertainty urges impacted firms...
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