Once again regulatory change has exposed flaws within the vast majority of financial institutions. MiFID II may well have gone live on 3 January 2018, but significant numbers of contracts have either not been repapered or are still being negotiated, leaving organisations non-compliant and commercially exposed.

Read our article on Banking Technology (FinTech Futures): it is now high time that financial institutions recognise the requirement to repaper legal documentation must be treated as business as usual.