MiFID II Markets in Financial Instruments Directive

Price: $1695   Register now

Recommended that you register at least two weeks in advance.

Course Features

  • Course date:03/05/2020
  • Course Duration: 2 Day
  • Level: Beginner-intermediate
  • Prerequisites: None
  • Method: Live & Virtual
  • Venue: MicroTek
  • Time: 9:00 am – 5:00 pm
  • Dress Code: Business Casual

MiFID II Markets in Financial Instruments Directive

The European Union’s Markets in Financial Instruments Directive (MiFID), regulates firms providing services to clients linked to a wide array of financial instruments such as shares, bonds, units in collective investment schemes and derivatives. MiFID II also regulated the venues where those instruments are traded. Given the size of European financial markets, MiFID has significant implications for any financial institution with business activities in Europe or with a European financial institution. In this two-day interactive course, participants will learn about MiFID II’s requirements and implementation timeline and challenge.

Course Objectives

At the end of this course, participants should be able to:

  • Identify and describe MiFID II requirements
  • Discuss MiFID II implications for financial institutions and markets
  • Highlight some MiFIDII and Dodd-Frank differences

Module I        Overview of MiFID I and Purpose of MiFID II

  • Highlight the impact of MiFID I on European financial markets
  • Describe the objectives of MiFID II

Module II       European Legislative and Regulatory Process

  • Describe key actors in financial laws and regulations
    • European Parliament
    • European Securities and Markets Authority
    • Single Supervisory Mechanism
    • Single Resolution Mechanism

Module III     MiFID II Requirements

  • Enumerate and describe MiFID categories
    • Authorization and organizational requirements
    • Supervisors
    • Development in Market Structures
    • OTC Derivatives and Commodities
      • Exemptions, position limits, reporting requirements
    • Investor Protection and Provision of Investment Services
    • Transparency
    • Miscellaneous

Module IV     MiFID II Implementation

  • Discuss implementation timeline
  • Describe IT, operations, and compliance implementation challenges for
    • Banks
    • Swap dealers and commodity traders
    • Asset managers
    • Exchanges and central counterparties

Module V       Current Political Challenges with MiFID II

  • Discuss potential delays to MiFID III and implications to the market
  • Describe how financial institutions are coping with political uncertainty

Concluding Remarks and Recommendation of Additional Resources

Instructor

  • Mayra Rodríguez Valladares is the Managing Principal of MRV Associates.  She specializes in training and consulting solutions for Basel III, Dodd-Frank, risk management, financial derivatives, capital markets, foreign exchange, and corporate finance.  She has worked with the private sector and foreign central banks in the US, UK, Latin America Eastern Europe, Central, and Southeast Asia, …
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