London, 24 September 2019
Author: Wim Nelen
Regulatory conduct experts need to be confident that they consider all ESMA Q&As. That sounds basic. But as a former Head of Compliance and regulator I know that's a real challenge!
Consider the regulatory spaghetti above. This is a 'rule map' from singlerulebook.com. It maps all the rules and ESMA Q&A relevant to Art. 21 of MiFIR. That's just one rule in one #regulation. You see the long list of Q&As in the box on the right. When your firm trades bonds or derivatives OTC, you'll need all these Q&As.
In reality the spaghetti is bottomless. New Q&As keep being added every few weeks.
Untangling the spaghetti requires regulatory expertise. But unfortunately experts often eat without a fork. They spend lots of time on logistical tasks: locating docs, browsing long pdfs, sifting through irrelevant emails, etc. This is not only frustrating and inefficient. It also creates risk.
singlerulebook.com is a regulatory knowledge platform. It offers relevant tools such as visualised rule maps, powerful search, a Q&A mapping algorithm, tailored Q&A and rule update alerts and collaboration tools. singlerulebook.com makes Legal and Compliance experts more efficient.
Please get in touch if you want to discuss further.