Are we talking about the first version of MiFID?
make those sentences clear
I’m unclear with the following sentences:
“Due to arising cases of budgeting towards MiFID, the European Commission chooses to review MiFID.” –> Are we talking about the first version of MiFID? Can we reformulate this one?
“By using pragmatic approaches and proper resourcing, the private banks should be able to grow” –> This is the sine qua non condition to continue to grow or maintain growth?
“What’s more, planning, compliance obligations, and revenue will increase the cost” –> How can the revenue increase the cost?
“to optimize their operating models” –> Do we mean “business models” instead?
“Due to some countries leaning towards it” –> Why some countries choose to lean towards MiFID II?
“Private banks are encouraged to regulate their complexity through cost-cutting, shifting to digital and better-tailored strategies. Transformation, in this case, may not be the only tactic available as private banks could also use tactical optimization.” –> I don’t understand the second part of this sentence
“MiFID II entered the market in 2007” –> It’s MiFID I that entered the market at this date, MiFID II will enter in force as from January 2018.
“heed of the retrocessions ban” –> What are these retrocessions, how it used to work before MiFID II will be implemented?
Answer preview are we talking about the first version of MiFID?
APA
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