Circle of delegation: Difference between revisions
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How organisations work<br> | How organisations work<br> | ||
[ONE]<br> | [ONE]<br> | ||
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. TWO]<br> | [Matthew is out of the office. Let’s try Mark. 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> | [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: I think Joan is the business analyst on the costs and charges work-stream ... If she isn’t I think she'll point you in the right direction.<br> | '''Mark''': I think Joan is the business analyst on the costs and charges work-stream ... If she isn’t I think she'll point you in the right direction.<br> | ||
[THREE]<br> | [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? Can you give some more background on your question.<br> | '''Joan''': Can we do on Friday next week? 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> | ||
[FOUR]<br> | [FOUR]<br> | ||
Me: Andrea! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest<br> | '''Me''': Andrea! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest<br> | ||
I am told by Joan that you're the subject matter expert on this! Would you have a moment to speak today?<br> | I am told by Joan that you're the subject matter expert on this! Would you have a moment to speak today?<br> | ||
Andrea: Hi Olly - 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.<br> | Andrea: Hi Olly - 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.<br> | ||
[FIVE]<br> | [FIVE]<br> | ||
Me: Anthony! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest as we understand these are being considerably tightened up in practical guidance over the MiFID 1 regime notwithstanding the text being quite similar. Andrea tells 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 we understand these are being considerably tightened up in practical guidance over the MiFID 1 regime notwithstanding the text being quite similar. Andrea tells 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 under MiFID 2 into two: non-monetary on one hand and monetary on the other. I look after non-monetary. Monetary is Thomas.<br> | '''Anthony''': Hi. We have broken the inducements workstream under MiFID 2 into two: non-monetary on one hand and monetary on the other. I look after non-monetary. Monetary is Thomas.<br> | ||
[SIX]<br> | [SIX]<br> | ||
Me: Thomas! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest as we understand these are being considerably tightened up in practical guidance over the MiFID 1 regime notwithstanding the text being quite similar. Thomas tells me that you're the subject matter expert on monetary inducements! 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 we understand these are being considerably tightened up in practical guidance over the MiFID 1 regime notwithstanding the text being quite similar. Thomas tells me that you're the subject matter expert on monetary inducements! Would you have a moment to speak today?<br> | ||
<br> | <br> | ||
Thomas: have you tried Mary?<br> | '''Thomas''': have you tried Mary?<br> | ||
<br> | <br> | ||
<br> | <br> | ||
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{{seealso}} | {{seealso}} | ||
*[[Circle of escalation]] | *[[Circle of escalation]] | ||
*[[ | *[[Inverted delegation]] | ||
{{draft}} | {{draft}} | ||
{{egg}} | {{egg}} | ||
Revision as of 15:36, 25 April 2017
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. 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: I think Joan is the business analyst on the costs and charges work-stream ... If she isn’t I think she'll point you in the right direction.
[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? 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.
[FOUR]
Me: Andrea! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest
I am told by Joan that you're the subject matter expert on this! Would you have a moment to speak today?
Andrea: Hi Olly - 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.
[FIVE]
Me: Anthony! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest as we understand these are being considerably tightened up in practical guidance over the MiFID 1 regime notwithstanding the text being quite similar. Andrea tells me that you're the subject matter expert on this! Would you have a moment to speak today?
Anthony: Hi. We have broken the inducements workstream under MiFID 2 into two: non-monetary on one hand and monetary on the other. I look after non-monetary. Monetary is Thomas.
[SIX]
Me: Thomas! Hi! we are investigating the MiFID 2 implications re inducements and conflicts of interest as we understand these are being considerably tightened up in practical guidance over the MiFID 1 regime notwithstanding the text being quite similar. Thomas tells me that you're the subject matter expert on monetary inducements! Would you have a moment to speak today?
Thomas: have you tried Mary?