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Tuesday 19 November 2019


MiFID II and Solvency II are most important regulations for 2016

Written by Talya Misiri

Asset managers have voted MiFID II and Solvency II as the most important regulations for them this year.

Data collection, enrichment and delivery have been signalled as the most challenging areas.

At its FundForum International event in Berlin, the data management provider Accudelta put forward a poll to asset managers regarding their regulatory concerns and requirements. More than half, 52 per cent, noted that MiFID II was the key regulation for their firm this year, followed by Solvency II with 26 per cent of the vote.

More specifically the poll highlighted that ‘collecting, enriching and delivering trade data’ was the most challenging area for fund managers, with 59 per cent voting this area as most or second most challenging part of MiFID II.

‘Collecting, enriching and delivering transaction data’ closely followed with 45 per cent of the respondents signposting this as the most or second most difficult area of the regulation.

When asked about which key areas aside from performance would help ensure customer retention and win new mandates in the year ahead, 59 per cent of asset managers highlighted reputation. Complying with new regulations came in as second with 36 per cent of votes.

Commenting on the findings, Accudelta senior vice president Oonagh O’Mahoney said: “It is clear from our conversations with asset managers across Europe that the new regulations are having a profound effect on the industry and that firms are keen to make sure they are in a strong position ahead of the changing rules.

“Whilst it is comforting to note that so many asset managers are already planning for the regulatory requirements ahead, it’s perhaps more concerning that over a quarter of those we spoke to consider Solvency II as the most important regulation – even though this legislation came into force six months ago.”

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