{"id":4486,"date":"2018-02-27T23:09:04","date_gmt":"2018-02-27T15:09:04","guid":{"rendered":"https:\/\/www.microdium.net\/public\/dont-put-all-your-compliance-eggs-in-the-mifid-ii-basket\/"},"modified":"2018-02-27T23:09:04","modified_gmt":"2018-02-27T15:09:04","slug":"dont-put-all-your-compliance-eggs-in-the-mifid-ii-basket","status":"publish","type":"post","link":"https:\/\/www.microdium.com\/public\/2018\/02\/27\/dont-put-all-your-compliance-eggs-in-the-mifid-ii-basket\/","title":{"rendered":"Don\u2019t Put All Your Compliance Eggs In The MiFID II Basket"},"content":{"rendered":"
\"Don’t<\/div>\n
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Why \u201cMinimal Viable Compliance\u201d Can\u2019t Be the Goal<\/h4>\n

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Major regulatory deadlines often lead firms to settle for minimum viable compliance \u2013 taking whatever action is needed to avoid regulatory scrutiny, regardless of the cost. But this approach inevitably leads to an inefficient, patchwork approach to compliance, where new procedures are created for each new regulation. As firms move past the MiFID II implementation date, the sheer size and complexity of this new regulation may finally be giving firms the impetus that\u2019s needed to change their approach.<\/p>\n

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When major regulatory deadlines loom large, there\u2019s an inevitable tendency for the financial industry to scramble for minimum viable compliance. In layman\u2019s terms, this means doing whatever it takes, regardless of the expense, just to keep the prying eye of the regulator away. Ring any recent bells? The trouble is, while taking this approach may seem like a sensible option now, it\u2019s unlikely to service future requirements and actually goes against the spirit of the regulations. This is why, as the post-January 3rd\u00a0dust starts to settle, financial institutions need to quickly adjust to ensure compliance with all regulations, not just MiFID II.<\/p>\n

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…<\/p>\n

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http:\/\/www.corporatecomplianceinsights.com\/dont-put-compliance-eggs-mifid-ii-basket\/<\/a><\/p>\n<\/div>\n


\nSource: DRJ New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

Why \u201cMinimal Viable Compliance\u201d Can\u2019t Be the Goal Major regulatory deadlines often lead firms to settle for minimum viable compliance \u2013 taking whatever action is needed to avoid regulatory scrutiny, regardless of the cost. But this approach inevitably leads to an inefficient, patchwork approach to compliance, where new procedures are created for each new […]<\/p>\n","protected":false},"author":1,"featured_media":4487,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[15],"class_list":["post-4486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-disaster-recovery-cybersecurity-news-malaysia","tag-about"],"_links":{"self":[{"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/posts\/4486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/comments?post=4486"}],"version-history":[{"count":0,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/posts\/4486\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/media?parent=4486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/categories?post=4486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/tags?post=4486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}