Circle of delegation: Difference between revisions
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You chat '''Mary''', whom you know is fully involved, not expecting your query to occupy most of the following 48 hours. <br> | You chat '''Mary''', whom you know is fully involved, not expecting your query to occupy most of the following 48 hours. <br> | ||
''ROUND ONE'' | ====''ROUND ONE''==== | ||
'''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 2]] 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 2]] for a lot longer. M<br> | ||
''(Matthew is out of the office. Let’s try Mark.)'' <br> | ''(Matthew is out of the office. Let’s try Mark.)'' <br> | ||
''ROUND TWO'' | ====''ROUND TWO''==== | ||
'''Me''': Mark - Hi - I'm in IB legal - Mary gave me your name. i gather you're an expert on [[MiFID 2]] re fees and charges?<br> | '''Me''': Mark - Hi - I'm in IB legal - Mary gave me your name. i gather you're an expert on [[MiFID 2]] re fees and charges?<br> | ||
'''Mark''': Costs and charges? That falls under the Investor Protection part of the program. That is run by Luke. <br> | '''Mark''': Costs and charges? That falls under the Investor Protection part of the program. That is run by Luke. <br> | ||
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'''Mark''': Joan is the business analyst on the costs and charges [[work-stream]] ... If she isn’t the right person, she'll point you in the right direction.<br> | '''Mark''': Joan is the business analyst on the costs and charges [[work-stream]] ... If she isn’t the right person, she'll point you in the right direction.<br> | ||
''ROUND THREE'' | ====''ROUND THREE''==== | ||
'''Me''': Joan! Hi! Mark tells me you're the business analyst on the costs and charges [[workstream]] for [[MIFID 2]]. I'm really interested in getting the buy-side view on fee sharing and rebates. Would you have a few minutes to discuss?<br> | '''Me''': Joan! Hi! Mark tells me you're the business analyst on the costs and charges [[workstream]] for [[MIFID 2]]. I'm really interested in getting the buy-side view on fee sharing and rebates. Would you have a few minutes to discuss?<br> | ||
'''Joan''': Can we do on Friday next week? Also, in advance of our call, can you give some more background on your question?<br> | '''Joan''': Can we do on Friday next week? Also, in advance of our call, can you give some more background on your question?<br> | ||
'''Me''': Actually I was hoping to speak to someone today. A 10 minute call, tops - perhaps with someone in your team? - should help contextualise the question and may indeed answer it.<br> | '''Me''': Actually I was hoping to speak to someone today. A 10 minute call, tops - perhaps with someone in your team? - should help contextualise the question and may indeed answer it.<br> | ||
'''Joan''': Sure. Speak to Andrea in Hong Kong.<ref>Someone in Hong Kong is running a MiFID workstream?<br> | '''Joan''': Sure. Speak to Andrea in Hong Kong.<ref>Someone in Hong Kong is running a MiFID workstream?</ref><br> | ||
''ROUND FOUR'' | ====''ROUND FOUR''==== | ||
'''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> | Joan tells me you're the [[subject matter expert]] on this. Would you have a moment to speak today?<br> | ||
'''Andrea''': Hi Olly. In fact, I look after the costs and charges ''disclosures'' under [[MiFID 2]]. Anthony looks after inducements arising from ''payment'' of costs and charges. If you are referring to conflict of interest under inducements Anthony would look after that. <br> | '''Andrea''': Hi Olly. In fact, I look after the costs and charges ''disclosures'' under [[MiFID 2]]. Anthony looks after inducements arising from ''payment'' of costs and charges. If you are referring to conflict of interest under inducements Anthony would look after that. <br> | ||
''ROUND FIVE'' | ====''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?<br> | '''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 [[MiFID 2]] inducements [[workstream]] into two: non-monetary and monetary. I look after non-monetary. Monetary is Thomas.<br> | '''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'' | ====''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?<br> | '''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> | ||
''Pause''<br> | |||
'''Thomas''': have you tried Mary?<br> | '''Thomas''': have you tried Mary?<br> | ||
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{{draft}} | {{draft}} | ||
{{egg}} | {{egg}} | ||
{{ref}} |