Markets in Financial Instruments Directive II
The EU’s ambitious regulatory reforms, known as the Markets in Financial Instruments Directive (MiFID II), are poised to transform the bloc’s financial industry. It is an updated set of regulations that covers investment banks, hedge funds and alternative investment firms.
Within MiFID II, new compliance steps must be taken by companies involved in trading, covering everything from voice recording through to collection of trade data. It’s this area of data collection that poses the greatest challenge from a cyber security perspective.
We can advise you on what security processes and technology solutions you should implement to help you comply with MiFID II. It goes far beyond just retaining and retrieving data associated with a transaction. You need to be able to prove that while that data is being held, its integrity has been maintained.