Subject: Combined KYC list and riorities [I]
From: Ian Salters
Date: Fri, 15 Feb • •
To: Daniel-E Kaiser
Classification: For internal use only
Dan
As part of the Brexit analysis, we have been reviewing all the clients that
we believe trade or have the ability to trade with CIB (London). We have
asked JAX to re-visit their recent analysis as we believe we have more
clients onboarded with London than they are highlighting. Either way, what
it does highlight is that there will be a substantial KYC remediation
process across WM & IWP.
I would also point out that we will need to blanket all clients with the
Agency Direction letter (avoid MIFID II reporting requirements). We are
presently looking into all issues and I will keep you appraised of
developments.
Regards
Ian
EFTA01399719