Data is now the most valuable commodity in the modern economy, making it a target for those who wish to exploit it by any means necessary. Regulators are scrambling to keep up and ensure personal data is not compromised. In May, the EU will implement unprecedented data protection regulations.
Significant political, economic, and regulatory policies continue to evolve within Greater China, increasing cross-border financial activity. Asset managers must stay close to these developments to capture the growth opportunities, or else risk losing out.
In recent months, the EU’s Markets in Financial Instruments Directive (MiFID 2), the US Department of Labor’s Fiduciary Rule, and Brexit have dominated the headlines and minds of global asset managers. As 2018 approaches, there’s another significant regulatory shift on the horizon that should not be forgotten.
With January 2018 fast approaching, the assessment of investment research requirements under the Markets in Financial Instruments Directive (MiFID 2) is generating debate around the most suitable global model.
News broke Wednesday of a plan to delay the implementation of the Department of Labor (DoL) Fiduciary Rule effective date until at least July 1, 2019.