Circle of delegation: Difference between revisions
Amwelladmin (talk | contribs) No edit summary Tags: Mobile edit Mobile web edit |
Amwelladmin (talk | contribs) No edit summary Tags: Mobile edit Mobile web edit |
||
| Line 5: | Line 5: | ||
'''Me''': Hi Mary. could I pick your brains today about fee rebates under Mifid 2?<br> | '''Me''': Hi Mary. could I pick your brains today about fee rebates under Mifid 2?<br> | ||
'''Mary''': Hi Olly, the best person for fees & charges Qs would be either Matthew (Regs Team) or Mark (Legal), since they've followed MIFID II for a lot longer. M<br> | '''Mary''': Hi Olly, the best person for fees & charges Qs would be either Matthew (Regs Team) or Mark (Legal), since they've followed MIFID II for a lot longer. M<br> | ||
''Matthew is out of the office. Let’s try Mark. ROUND TWO''<br> | |||
'''Me''': Mark - Hi - I'm in IB legal - Mary gave me your name. i gather you're an expert on MiFID ii re fees and charges in AM?<br> | '''Me''': Mark - Hi - I'm in IB legal - Mary gave me your name. i gather you're an expert on MiFID ii re fees and charges in AM?<br> | ||
'''Mark''': Costs and charges? I'm not the expert! This is under the Investor Protection part of the program. That is run by Luke. <br> | '''Mark''': Costs and charges? I'm not the expert! This is under the Investor Protection part of the program. That is run by Luke. <br> | ||
''(Luke is out of the office.)''<br> | |||
'''Me''': Great, thanks. Luke seems to be out of the office - does he have a deputy?<br> | '''Me''': Great, thanks. Luke seems to be out of the office - does he have a deputy?<br> | ||
'''Mark''': | '''Mark''': Joan is the business analyst on the costs and charges [[work-stream]] ... If she isn’t, she'll point you in the right direction.<br> | ||
''ROUND THREE''<br> | |||
'''Me''': Hi Joan - Mark tells me you're the business analyst on the costs and charges work stream for MIFID 2? I'm really interested in getting the buy-side view of fee retrocessions and rebates in MIFID 2. Would you have a few minutes to discuss?<br> | '''Me''': Hi Joan - Mark tells me you're the business analyst on the costs and charges [[work-stream]] for MIFID 2? I'm really interested in getting the buy-side view of fee retrocessions and rebates in MIFID 2. Would you have a few minutes to discuss?<br> | ||
'''Joan''': Can we do on Friday next week? | '''Joan''': Can we do on Friday next week? Also, in advance is our call, can you give some more background on your question?<br> | ||
'''Me''': Actually I was hoping to speak today. A 10 minute call - perhaps with someone in your team? - should help contextualise the question and may indeed answer it.<br> | '''Me''': Actually I was hoping to speak today. A 10 minute call - perhaps with someone in your team? - should help contextualise the question and may indeed answer it.<br> | ||
'''Joan''': Sure. Speak to Andrea.<br> | '''Joan''': Sure. Speak to Andrea.<br> | ||
''ROUND FOUR''<br> | |||
'''Me''': Andrea! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest | '''Me''': Andrea! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest. | ||
Joan tells me you're the [[subject matter expert]] on this. Would you have a moment to speak today?<br> | |||
Andrea: Hi Olly | '''Andrea''': Hi Olly. In fact, I look after the cost and charges ''disclosures'' under MiFID II. Anthony looks after inducements. If you are referring to conflict of interest under inducements Anthony would look after that.<ref>VOICE-OVER: I wasn't.</ref><br> | ||
''ROUND FIVE''<br> | |||
'''Me''': Anthony! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest as | '''Me''': Anthony! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest as they relate to fee-sharing a arrangements. Andrea me that you're the subject matter expert on this! Would you have a moment to speak today?<br> | ||
'''Anthony''': Hi. We have broken the inducements workstream | '''Anthony''': Hi. We have broken the MiFID 2 inducements [[workstream]] into two: non-monetary and monetary. I look after non-monetary. Monetary is Thomas.<br> | ||
''ROUND SIX''<br> | |||
'''Me''': Thomas! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest as | '''Me''': Thomas! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest as they relate to fee-sharing a arrangements. Anthony tells me that you're the [[subject matter expert]] on this! Would you have a moment to speak today?<br> | ||
<br> | <br> | ||
'''Thomas''': have you tried Mary?<br> | '''Thomas''': have you tried Mary?<br> | ||
{{seealso}} | {{seealso}} | ||
Revision as of 21:54, 25 April 2017
The subtle art of delegation.
How organisations work
[ONE]
Me: Hi Mary. could I pick your brains today about fee rebates under Mifid 2?
Mary: Hi Olly, the best person for fees & charges Qs would be either Matthew (Regs Team) or Mark (Legal), since they've followed MIFID II for a lot longer. M
Matthew is out of the office. Let’s try Mark. ROUND TWO
Me: Mark - Hi - I'm in IB legal - Mary gave me your name. i gather you're an expert on MiFID ii re fees and charges in AM?
Mark: Costs and charges? I'm not the expert! This is under the Investor Protection part of the program. That is run by Luke.
(Luke is out of the office.)
Me: Great, thanks. Luke seems to be out of the office - does he have a deputy?
Mark: Joan is the business analyst on the costs and charges work-stream ... If she isn’t, she'll point you in the right direction.
ROUND THREE
Me: Hi Joan - Mark tells me you're the business analyst on the costs and charges work-stream for MIFID 2? I'm really interested in getting the buy-side view of fee retrocessions and rebates in MIFID 2. Would you have a few minutes to discuss?
Joan: Can we do on Friday next week? Also, in advance is our call, can you give some more background on your question?
Me: Actually I was hoping to speak today. A 10 minute call - perhaps with someone in your team? - should help contextualise the question and may indeed answer it.
Joan: Sure. Speak to Andrea.
ROUND FOUR
Me: Andrea! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest.
Joan tells me you're the subject matter expert on this. Would you have a moment to speak today?
Andrea: Hi Olly. In fact, I look after the cost and charges disclosures under MiFID II. Anthony looks after inducements. If you are referring to conflict of interest under inducements Anthony would look after that.[1]
ROUND FIVE
Me: Anthony! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest as they relate to fee-sharing a arrangements. Andrea me that you're the subject matter expert on this! Would you have a moment to speak today?
Anthony: Hi. We have broken the MiFID 2 inducements workstream into two: non-monetary and monetary. I look after non-monetary. Monetary is Thomas.
ROUND SIX
Me: Thomas! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest as they relate to fee-sharing a arrangements. Anthony tells me that you're the subject matter expert on this! Would you have a moment to speak today?
Thomas: have you tried Mary?
See also
- ↑ VOICE-OVER: I wasn't.