Description
Mifid Markit EMIR Business Analyst Regulatory Contract Luxembourg
Markit - they have quite a few blank sheets.SI systematic internalization is also KEY and best execution.
Switzerland have done the gap analysis at a high level. What Mifid II expectations are.
Business specification are now needed. What's needed now is how to implement Mifid II.
Structure of the team is:
1) Advisory suitability reporting (threshold reporting)
2) Markit structure, test execution, SI topic. NOT Commodities trading BUT all asset classes; ETD's, OTC, FX outright, many bonds, equities, funds, ULTRA net worth who have many asset classes under them.
Mifid II has started with gap analysis, now its suitability and investor products - Markit background is interesting, EMIR also
Documents started in CH, stakeholders; Bus requirements -
CH look after (DE) Germany. Luxembourg look after Austria and Holland and are advisers to Denmark and Sweden. Small team of 8 in Luxembourg (IT/Ops/compliance/Legal)
Scope; National Law and regulations. PWC are onsite: They need to implement requirements and regulations. Reporting is a hot subject though PWC help.
Legal frameworks and fixing it for them.