Successful change processes with emagine
At emagine, we stay ahead of new legislation in the financial sector and understand the implications that legislative changes present for your business processes and IT systems.
Diverse legal regulations
Financial services regulation focuses on three areas.
1. Risk management regulations are implemented to:
- Make potential risks more visible
- Prevent exacerbation of the global financial crisis
2. Tax regulations are designed to:
- Increase national tax revenues
- Prevent the siphoning off of capital into so-called ‘tax havens’
3. Client consulting regulations aim to:
- Protect you from risk
- Make sure you only receive financial products appropriate to your risk profile
MIFID II / MIFIR
MIFID II comprises of two levels of European legislation. Markets in Financial Instruments Directive II and Markets in Financial Instruments Regulation (MIFIR).
Primary objectives of this regulation are:
- To create a level playing field and ensure that all the organised trading is conducted on regulated trading venues: Regulated Markets, Multilateral Trading Facilities and Organised Trading Facilities.
- To make national competent authorities and regulators aware of market exposure by enforcing pre and post trade transparency of wide range of financial instruments.
- To make financial markets more efficient, resilient and transparent.
- To strengthen the protection of investors.
Regulation will go into effect in January 2018.
Find out more about the impact of MIFID II on investment lifecycle.
MiFID II poses many technical challenges the financial industry has not faced to date. One such challenge is the Synchronisation of the business clock to UTC.
emagine’s full end to end solution resolves this complexity by delivering and distributing UTC throughout your network and infrastructure including the application stack.
We have in built resiliency and redundancy with a very low touch implementation
Our accuracy reaches 10’s of nanoseconds with full tractability to UTC.
Discover our timestamping solution.
FATCA, SEPA, Basel III – We will accompany you on every step of the way
Get emagine to be the strong partner at your side. We support you throughout your change process and advise on the latest regulations – including FATCA, SEPA and Basel III. Benefit from:
- Our comprehensive know-how in the area of bank processes, IT and regulatory changes
- Our extensive industry experience and full understanding of the many requirements of the various decision-makers in your company
- Our ability to efficiently build bridges between internally involved parties.