GTNews.com: Vice president and Head of Cognizant’s Banking and Financial Services Practice in the UK and Ireland Writes About Preparing for MiFID II

“The full impact of MiFID II on the capital markets and the financial services players can only be ascertained once the legislation is fully in place relative to other regulatory reforms such as EMIR and Dodd-Frank,” writes Tony Virdi. “Firms also need to take view of their front to back office infrastructure and have a holistic view of all regulatory impact on business and infrastructure, rather than taking a standalone approach to MiFID II. Some firms will re-evaluate what businesses (and products) still make sense. Others will use this opportunity to upgrade their IT infrastructure and ensure a flexible approach to take advantage of the market benefits MiFID II could bring.”

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