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John Cant

Managing Director
MPI Europe Ltd
Member since
06 Jul 2004
Location
London
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Followed by John Sims, Martha Boyle and 5 others you follow
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John's opinions

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John Cant

Cheque mate?

The humble cheque seems to have some very keen supporters as Ian Benn's blog demonstrates, so I thought it was worth sharing some material extracted from the most recent MPIE Financial Sector Bulletin (to receive a full copy of this bulletin each month just send an email containing the word subscribe to contact at mpi-europe.com) Over the last 10...

05 December 2007 /payments UK Faster Payments

John Cant

The MiFID is dead, long live the ... ELF?

Okay, so you are probably reading this blog because of the title, so I had best explain what it is all about. In the olden days - so I understand - when the UK Monarch died, a courtier used to announce the "King is dead, long live the King". Presumably this was both to signal the passing of an era, as well as to express continuity of the...

30 November 2007 MiFID

John Cant

First MiFID Market impact?

The FT has reported that the UK's only residential property stock exchange, the Property Investment Market, has been forced to suspend its business after failing to meet new MiFID regulations. They have failed to gain approval so far from the FSA as a Multilateral Trading Facility or MTF. This news is interesting (using the word in its MiFID sen...

22 November 2007 /retail MiFID

John Cant

Avoiding a MiFID Hangover

So you survived MiFID Day, and indeed the first MiFID week; survived the incessant MiFID blogs and weeklong MiFID press coverage, History of MiFID, MiFID in numbers, and special features on MIFID from special MiFID personalities some of whom we had never heard of before. You have ticked the MiFID box at least once, in fact, probably at least once ...

07 November 2007 MiFID

John Cant

We understand there is still some confusion ...

I think this direct quote from one of the template MiFID letters being sent by clients to their brokers is a slight understatement! With only a few hours to go before the MiFID gun fires, a massive paperchase is still underway in financial institutions around Europe and beyond. Scanned versions of consent forms with hand written updates are floodi...

31 October 2007 MiFID

John Cant

First test for MiFID ...

As I write this blog, teams across the UK are putting their final MiFID changes into systems ready for M-Day this week. Although MiFID is a Europe wide regulation - I say across the UK deliberately. Whilst the likely impact of MiFID has been compared to Big Bang, the implementation of it has essentially become phased - although not by design - due...

28 October 2007 /wholesale MiFID

John Cant

MiFID - gunpowder, treason and plot

The FSA have proposed this week that the cutover date for MiFID transaction reporting should move from 1st November to 5th November (i.e. to a more conventional Monday go live date) giving more time over the weekend to switch over and test the new processes and systems. This is, at face value, a practical move that is likely to make the switchover...

02 August 2007 /wholesale MiFID

John Cant

MiFID level playing field - not yet

In which activity are Romania, Ireland and the UK current leaders in Europe, and Italy and Spain are bottom of the league? If you have been following the financial press coverage, you will not doubt have quickly answered MiFID transposition (the copying of the MiFID directives into a states local law). Okay, not really an Olympic sport, although s...

02 July 2007 /wholesale MiFID

John Cant

Faster Payments implementation pressures grow

The initial target of the UK Faster Payments scheme seemed a simple concept to deliver - eliminating float (the three days gap between funds leaving the payee's account and arriving in the recipents) - but as with most financial sector initiatives the implementation detail has been significantly more complex. Back in February this year when I fou...

24 June 2007 /payments UK Faster Payments

John Cant

Digital Alcohol

I am just back from an entertaining and informative session at SunLive07, with particular items of note including two MiFID experts (Bob Fuller of Equiduct and Nick Gibson of ABN) actually agreeing on most things, not least and not surprisingly that rapid decisions by CESR are required on Best Execution and Transaction Reporting to aid implementat...

13 March 2007 /wholesale Trends in Financial Services

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