Project Sentinel: Industry Participants Collaborate On MiFID II Implementation - Initiative By A Group Of Banks Mutualises The Cost Of MiFID II Implementation In The OTC Front Office

Project Sentinel, a collaborative initiative by a group of banks to mutualise the cost of MiFID II implementation in the OTC front office, has announced the creation of a normalised regulatory data model that assists investment firms to meet their MiFID II OTC sales and trading requirements. This data model is the first piece of a larger puzzle to create a standardised approach for ensuring regulatory conformance for front office OTC sales and trading activities.