Mifid compliance: a matter of principles
How serious an issue is this for financial institutions? [Referring to developing the proper principles-based regime.]
PJ Di Giammarino:
It's quickly becoming the thing that needs to be addressed.What a principles-based regime asks when the regulators walk in the door, is that the senior management sing from the same hymn sheet and provide a relatively co-ordinated view of how the operation works, that it works correctly and is being monitored so they can prove that what happened is according to
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