SIFMA CEO Bentsen on Navigating MIFID II

The video discusses the impact of European regulation, specifically MiFID II, on US firms. It highlights the efforts to align US compliance with European laws without conflicting with US regulations. The SEC's role in addressing these concerns is explored, along with the industry's need for clarity on unbundling payments and their implications under US law.

What are the implications of European regulation on U.S. firms according to the discussion?

How does the SEC's stance on MiFID affect U.S. banks?

What is the significance of the January 1st deadline mentioned in the discussion?

In what ways are U.S. firms expected to adapt their practices in light of European regulations?

What challenges do firms face when trying to comply with both U.S. and European laws?