2018 is bringing many challenges for the financial industry, one of which is the implementation of MiFID II and MiFIR. However, the regulatory changes will not stop with that. In ensuring compliance with the new standards, banks have had to change their internal processes and set-ups across multiple product lines. At the same time, some EU member states still need extra time to tackle the legislative challenges and implement the necessary adjustments to their local legislations. Client expectations will continue to rise and digital innovation will even more come to define how organisations like ours alter back-end processes and streamline transaction banking services.
UniCredit GSS has done its regulatory homework across our core markets and we are looking forward to a successful new year and, more importantly, a year with many new ideas and initiatives, which we will be sharing with you very soon.
Having the right information at the right moment is one of the key prerequisites for successful business. That is why, in response to your feedback, we will also be looking to reshape our Newsletter, transforming it into a quarterly publication. Our spring edition in April will feature not only information relevant for your business, but also additional macroeconomic analysis and background information coming straight from our home markets.
We are all very excited that the year that has just begun is bringing these positive changes.
Hoping that you will find the new Newsletter format even more valuable, I would like to wish you a prosperous 2018.
Head of CEE Global Securities Services