A leading provider of meeting room solutions for Microsoft Teams and Skype for Business, StarLeaf, recently announced that they'd be offering meeting room systems fully prepped for compliance with MiFID II. StarLeaf will be the first manufacturer to sell systems designed with the functionality features required to manage the regulatory rules of the new Markets in Financial Instruments Directive.
The MiFID II regulation is a law set out by the European Union to standardise the regulation of financial and investment companies across various states within the Economic Area of Europe. MiFID II came into effect this year, and it introduces a range of significant revisions intended to provide more transparency and protection in a selection of asset classes. The new rules indicate that any form of communication used to address financial transactions must be safely recorded for auditing purposes. Compliance means that all meetings must be recorded, and participants must be logged to ensure absolute security.
The New StarLeaf Compliance Strategy
Skype for Business is one of the most frequently-accessed business tools in the unified communications space. As Teams emerges as Microsoft's solution to collaboration, it's likely that we'll see more adoption of that tool too. The good news is that with StarLeaf, it's possible to access a range of powerful technology features intended to support MiFID II compliance.
According to the Head of the Microsoft Business Unit for StarLeaf, Jonathan Williams, most financial service organisations have plenty of technology to help them ensure compliance with the Microsoft UC platform, but they don't necessarily have the tools required to handle meeting rooms and video conferences - particularly when they need to log every participant.
StarLeaf gives its customers a way to achieve stronger compliance by ensuring that anyone joining a meeting room with the system enabled will be tracked and accounted for.
