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Business models must evolve
Francesco Vanni d’Archirafi
Regulation aims to promote greater stability and improve efficiency that should be embraced. Institutions that revisit their business models to create new opportunities will succeed in the globally integrated financial market.
Regulation for harmony
Since 1999, the EU has been working on its plan for an integrated market system. MiFID, a key part of the Financial Services Action Plan, is another step in the right direction.
MiFID spawns new execution venues
Investment firms preparing for MiFID are getting ready to seize the commercial advantages. Alternative trading and market data platforms are being created to challenge the supremacy of the established exchanges.
Getting into the right mindset
Corporates should start factoring the Single Euro Payments Area into their plans now so that any changes to internal financial processes do not need to be re-engineered when Europe’s new harmonised payments infrastructure finally takes shape.
Market practice harmonisation
Clive Triance, head of securities and fund services and direct custody and clearing, Europe, Middle East and Africa, at Citi, tells Heather McKenzie how the EU clearing and settlement landscape is moving towards better processing, increased efficiency and general market transparency.
