Market participants start testing Mifid II systems
But they do not feel fully ready for the sweeping changes taking effect on January 3
Market participants are beginning to test their systems for compliance with the second Markets in Financial Instruments Directive (Mifid II) as the January 3 deadline fast approaches, but some believe they are only two-thirds of the way into their preparations for the sweeping European regulation as it relates to their currency business.
During a webinar hosted by FX Week on November 7, Rainer Bunz, head of foreign exchange and banknotes at Raiffeisen Bank International, said the priority over
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