The TRADE Mifid II Review Roadshow series kicks off in London next month with an inaugural event hosted by LSEG at the London Stock Exchange. Diving deep into the issues most relevant to the UK audience, the Roadshow will explore the expected changes to Mifid II and look at how these will translate into a UK context, how UK markets will operate in parallel with Europe and how the updates might impact the world of trading.
With a packed agenda and a distinguished list of speakers, there is a lot to get through, and we are delighted to be able to reveal a high-level insight into the day’s agenda.
Kicking off with a keynote speech from Claudia Trauffler, head of capital markets at HM Treasury, the day will start with an in-depth insight into the UK’s Wholesale Markets Review, looking at where we are now and what we can expect from the new regulations.
Following up on the regulatory theme, The TRADE managing editor Laurie McAughtry opens discussions with a panel focusing on market structure, exploring the regulatory divergence between the UK and Europe. Led by Matthew Coupe, co-chair of the FIX regional EMEA trading committee and director of market structure at Barclays, the panellists will look at the issue from the perspective of both cooperation and competition, debate the differences between the UK approach and the EU updates to Mifid II, and discuss issues relevant to both the equity markets (transparency changes, dark trading restrictions, lit market changes, payment for order flow, SI regime updates) and fixed income (the scope of transparency, the review of deferrals, the potential impact of a diversion in regimes).
The second panel will address one of the most controversial issues of the Mifid II proposals – the question of a European consolidated tape. Chaired by Jonathan Herbst, global head of financial services regulation at Norton Rose Fulbright, the panel will look at whether the new proposal addresses the shortcomings of the previous framework, explore the data gaps it might need to fill, tackle the tricky questions around cost and revenue share, and compare the possible options between the UK and the EU.
Finally, the day’s discussions will end with a deep dive into data, today’s gold, to look at why regulators are paying increasing attention to data quality – and what challenges firms are facing when it comes to bringing their own data up to standard. Moderated by David Nowell, director and board member at KOR Financial and leading regulatory expert, the panel will explore what competitive advantages you can expect to capitalise on with a ‘data-first’ mindset.
With a multitude of other presentations, keynotes and interviews throughout the day, and a hosted networking lunch to round things off, this is an event not to be missed. Watch this space for more keynotes and speakers to be revealed.
Full details and agenda can be found here, sign up today to guarantee your place.