SOURCE: PricewaterhouseCoopers LLP
PwC survey highlights the need for more financial services firms to act now on MiFID II
Ullrich Hartmann, financial services partner at PwC said:
"Despite MiFID II deadlines being pushed back, it remains a key component of wider regulatory reform. Our survey findings show that a number of firms have already set up working groups and are raising internal awareness, conducting initial high level impact assessments and undertaking analysis of the potential scenarios of MiFID II outcomes. Financial services firms are right to act sooner in order to set their future strategy and develop related systems and processes to prepare their business for MiFID II. "
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