The latest episode of the series features Michael Dawson, CEO of Promontory Financial Group (UK) Ltd, discussing the changing face of Regulation in the wake of the recent turmoil in the world’s financial markets.

Michael is responsible for Promontory’s European practice, focusing on global risk management solutions for European-based banks and the European operations of banks headquartered elsewhere in the world.  He also leads the Group’s extensive practice in global anti-money laundering compliance. Prior to joining Promontory in 2004, Mr. Dawson was Deputy Assistant Secretary for Critical Infrastructure Protection and Compliance Policy at the U.S. Department of the Treasury.

In this interview, Michael discusses with Keith Saxton of IBM and Mike O’Hara of Voices in Business the trend for greater co-operation between regulators, the challenges that need to be faced by national governments, the dangers of both “knee-jerk” reactions and inaction, some of the problems associated with Basel II, and the impact of technology on regulation.

More details about this new series can be found at http://www.progressingfinancialmarkets.com

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PJ discusses some of the results and findings from the 150+ man-days of collaborative workshops JWG-IT has held with over 200 individuals from 50 financial institutions within 10 jurisdictions, and shares some of his thoughts on what is really going on behind the scenes in the run-up to November 1st.

The results of JWG-IT’s research (including their highly informative Roadmap to MiFID Implementation) can be found at their website: http://www.jwg-it.eu

If you have a question for Mike or Phil, please direct it to mike@mifidpodcast.com, or leave a comment here on the website.

Ken discusses some of the challenges the banks are likely to face under the new MiFID classification rules.

Avox, a subsidiary of Deutsche Börse Group, validates, corrects, enriches and maintains business entity reference data. More details about Avox can be found at www.avox.info.

If you have a question for Mike or Phil, please direct it to mike@mifidpodcast.com, or leave a comment here on the website.

This week, Phil and Mike speak with Chris Collins, Senior Manager at Deloitte, about the “regulatory speed bump” that is November 1st, 2007. Chris discusses some of the practicalities of implementing MiFID by November 1st, then goes on to discuss how MiFID can be a catalyst for driving strategic change to aid organisations not only to meet regulation, but also to have a better, more effective competitive stance within the market.

Visit Deloitte’s MiFID link here. If you have a question for Mike or Phil, please direct it to mike@mifidpodcast.com, or leave a comment here on the website.

No guest this week, just Phil and Mike discussing the recently announced Open MiFID Alliance, a new pan-European alliance of some of the industry’s leading technology providers, formed to tackle the aggressive timescales of the Markets in Financial Instruments Directive (MiFID).

Phil explains the background of the OMA and talks through the key areas of MiFID each member of the alliance will address.

For more details of the Open MiFID Alliance, e-mail oma@sun.com, read the press release or view the presentation . If you have a question for Mike or Phil, please direct it to mike@mifidpodcast.com, or leave a comment here on the website.

Laurent gives his perspective on how Paris-based firms are preparing for MiFID, the issue of liquidity fragmentation, smart order routing, technology and infrastructure considerations around Best Execution and the whole “build versus buy” debate. 

More details of Ullink’s solutions can be found at their website at http://www.ullink.com, or by contacting sales@ullink.com.

If you have a question for Mike or Phil, please direct it to mike@mifidpodcast.com, or leave a comment here on the website.

This week, Phil and Mike speak with Marcus Hooper, an independent Financial Industry Consultant who has recently written a very well received White Paper on the subject of Best Execution.

Marcus shares his thoughts not just on Best Execution, but also on Client Classification, Buy-Side versus Sell-Side issues, and the impact of MiFID on non-cash equities, amongst other things.

Marcus’s White Paper, which was sponsored by Equiduct, can be downloaded from Equiduct’s website.

Please direct all comments and feedback on this episode to mike@mifidpodcast.com, or leave a comment here on the website.

This week, Phil and Mike speak with Martin Gibbon, Head of Risk Practice, SAS Institute, about some of the key areas requiring attention from an information technology standpoint, as the MiFID deadline approaches.

Martin talks about the innovative solutions SAS is putting in place around some of these areas, including Client Classification, Best Execution and the wider area of Business Intelligence.

More details of what SAS Institute is doing around MiFID can be found at http://www.sas.com/industry/fsi/mifid/index.html

Please direct all comments and feedback to mike@mifidpodcast.com. 

This week, Phil and Mike speak with Dan Frost, Operational Risk Officer at Morgan Stanley in London, about how the Markets in Financial Instruments Directive is likely to affect Institutional Buy-Side firms.

Dan, who focuses on discretionary fund management technology issues within the Morgan Stanley Investment Management Group, gives his perspective on various MiFID Buy-Side issues, including Best Execution, Transaction Reporting, Record Keeping, Client Classificaton and Order Handling.

Please direct all comments and feedback to mike@mifidpodcast.com. 

This week, Phil and Mike speak with Andrew Allwright, MiFID Programme Manager at Reuters about the value chain of market data under MiFID, data fragmentation versus data consolidation, best execution challenges, and some of the potential issues around asset classes other than equities.

Reuters has a range of information about MiFID at www.reuters.com/mifid.

Please direct all comments and feedback to mike@mifidpodcast.com.