Time for a Standards Strategy

Since the start of the credit crunch, governments and regulators have been re-examining the role industry standards can play in the new era of tighter regulations. Without standards, effectively monitoring the markets would be extremely difficult. In recent years, the deployment of new regulatory frameworks such as the Markets in Financial Instruments Directive (MiFID) has seen industry standards being pushed to the forefront. Regrettably, in contrast to the interest shown by regulators, most