• Conduct risk
    Are traders free from bad conduct action?

    • control and mitigate regulatory sanction
    • minimise impact of operational risk on capital
    • behaviour of front office staff
    • building programme change to demonstrate best practice

    More information...
  • MAR

    • Training, Conduct, Surveillance and Record Keeping
    • Market manipulation
    • Insider dealing
    • Client publications

    More information...
  • MiFIR
    Markets in Financial Investments Regulation

      In law with Regulatory Technical Standards in preparation, for profound strategic impact::
    • new pre-trade transparency
    • new post-trade transparency to the public
    • regulated trading venues (MTF/OTF/SI)
    • additional trade detail capture requirements

    More information...
  • SM&CR
    Senior Manager and Certification Regime

      Across all banks and then wider markets
    • Senior Manager Function
    • Map of Responsibilities
    • Certification Regime
    • Code of Conduct 

    More information...

FMR Advisory

FMR Advisory has been established to help address two key areas:
The regulatory obligations impacting so many institutions as they prepare for MiFID 
Conduct based initiatives to ensure the best possible culture is lived by the firm

Over the last year we have focused our regulatory work on preparation for MiFID II & MAR and mitigation of Conduct Risk. Whether you are wrestling with setting up your Systematic Internaliser, planning for a Best Execution regime, working on distribution controls for information to clients, or concerned about front office conduct risk in areas such as fixings and sales relationships - we can help plan and integrate the most efficient approach.

Frequently encountered client issues:

  • business rules within an SI such as simultaneous price making to customers
  • building workflow tools to recognise MiFID investor protection requirements
  • establishing Best Execution Policy and Execution rules - including for Spot FX!
  • setting up Code of Conduct training and acknowledgment 
  • establishing robust monitoring & record keeping for client comms under MAR 

From one day working through your strategic approach with the senior management team, to working through a gap analysis to define the required work streams, to the implementation plan over a period of months…
…We can help!

Hugh Whelan

EBS BrokerTec

Robin’s knowledge of the regulatory landscape proved invaluable during the development of our business white paper. His deep understanding of the FX marketplace was a great asset during its development. The result was a thought-provoking, well-written piece that was well received by the market.

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