Inadequate resource planning and dependence on external vendors highlighted in Market Watch 84 as key challenges for firms one year after the implementation of the new regime.
FCA Market Watch
FCA Market Watch 83 addresses a number of practical compliance challenges including controlling inside information flow, multiple brokers undertaking market soundings, compliance risks at smaller firms and personal account dealing.
FCA highlights issues in MiFID reporting requirements and advises firms to update and improve their processes.
The regulator praises firms for improving the quality of transaction reporting, but points to continuing or recurring reporting issues.
Common risks asset managers are facing as a result of their day-to-day trading activities.
Also discussed in this informative and collegial session was communication surveillance and the focus of recent supervisory visits.
With brokers still struggling with their trade surveillance obligations, here are some common issues to consider when monitoring market abuse.
Market Watch 79 includes specific examples of failures and the results of a review of automated surveillance model testing.