Presenting Speakers
About the Session
As Europe prepares for the next phase of Market Integration Package (MIP) reporting reforms and CP25/3 resets the FCA’s agenda in 2026, supervisors and firms face the same problem from different angles. Costs and complexity for 15 billion transaction reports pa have risen, and yet supervisors still struggle to obtain timely, consistent data for effective risk analysis.
This panel will explore MiFIR transaction reporting as a test case for FCA and ESMA’s burden reduction and data strategies. It will examine how a runbook architecture, grounded in the Common Domain Model (CDM) and Digital Regulatory Reporting (DRR), can help move from fragmented national regimes to a more coherent, reusable framework.
Rather than treating MiFIR as a divergent ruleset, this session will look at how regulators, market infrastructures and firms can co-design a MiFIR runbook that reduces burden, strengthens convergence and provides a pathway for wider EU reporting reforms.
Regulatory Challenges
- CFTC fines Citigroup and US Bank here
- FCA fines Sigma £1m here
- ESMA Call for Evidence on simplification of transaction reporting here
- EU Machine-readable and executable reporting Q4 Workshop
- ESMA ‘core market data & the quality mandate’ MiFIR here
- Central repositories (EU SAP, NCS) FCA DP23/2
- FCA wholesale trade data – Findings Report here
- EU/UK Consolidated Tape tender here
- Public/private collaboration, Open-source code Finos here
- Bank of England transforming data collection from the UK financial sector RegCast here and paper here
- European Commission supervisory data strategy here
- EU agenda to reduce reporting requirements by 25%
New RegTech/SupTech drivers
- Premium – The RegTech Edge: ESMA Lights the Data Fuse. Global Reporting Reform Must Follow. here
- Analysis – The Billion-Dollar Reporting Divide here
- Report (FREE with registration) – Mastering MiFIR Divergence – Build one runbook to bridge the transparency chasm here
- Premium – The RegTech Edge: Flying in formation here; From Rulebook to Runbook here
- MiFID III and the architecture of trust here
- MiFID III Reset & the architectural rethink here
- Will UK’s dirty windows crew get the right support? here
- EMIR unplugged here
- New reporting expectations here
- Analysis of EU/US 5-year data plans here