Transaction Reporting: Expectations vs. Reality

Transaction reporting has been back in the news again with the largest fines levied by the FCA for failures under the MiFID I regime. The regulator is now turning its attention to related MiFID II shortcomings, as evidenced in the recent Market Watch and clearly losing patience with reports which are ‘valid but wrong’. Firms are running out of time to review their reporting frameworks and make any necessary fixes to make sure they save themselves from the cost and reputational risk of future scrutiny and potential enforcement.

Discussion Topics:

• What do the recent fines indicate about recurring issues and pitfalls?
• What the FCA says you are getting wrong?
• Why firms reporting, and monitoring may not always be hitting the mark?
• How and where can improvements be made?