MiFID II Workshop: Technical Challenges and Implementation Strategies

7 June 2018, Tokyo




 Introduction, background and governance

  • Introduction & workshop overview
  • Legislative procedure of the EU & the origins of MiFID II
  • Building blocks of the Financial Crisis & the global response
  • Key spawned regulatory reforms and regulators reborn
  • High level overview of MiFID II: objectives, scope and timelines
  • Governance and supervision requirements


Coffee break


Investor protection and market infrastructure

  • Independent advice, client categorisation and notifications
  • Investment advice, suitability and appropriateness
  • Research and inducements
  • Best execution
  • Changes to trading venues and environment
  • Systematic internalisers
  • Trading obligations
  • Algorithmic trading, DEA and clock synchronisation
  • Central clearing and STP




Transparency, data and reporting

  • Overview on reporting obligations among different entities and products under MiFID II
  • Differences between Transaction and Trade reporting
  • Understanding the overlap between derivatives reporting under EMIR and MiFID II
  • Transaction reporting: MiFID I to MiFID II
  • The ‘ancillary exemption’ (capital and trading calculations)
  • The mechanics and execution in trade reporting
  • Data reporting service providers and record keeping
  • Financial instrument reference data


Coffee break


Reference data, impact review & programme structures

  • Financial instrument reference data infrastructure
  • Bank-to-market data interfaces
  • Key reference data and technology challenges
  • Vendor solutions and strategic dilemmas
  • Market structural changes and the future of OTC


Controls, cultural change and compliance impacts

  • Governance structures, leadership challenges and remuneration
  • Compliance functions
  • Complaints and conflicts
  • Open discussion: ideas and questions


End of course




Asia Risk reserves the right to change the programme where necessary.