MiFID III is no longer just a compliance update. It’s a regulatory reset with capital and architecture implications. In this episode, PJ Di Giammarino speaks with Dawd Haque and Grant Haley about ESMA’s pause on RTS 22 & 23 for transaction reporting and reference data, the rise of DRR, and how poor data quality is now priced into regulatory risk. Learn why firms must rethink reporting strategy, prepare for UK-EU divergence, and invest in machine-readable controls. Listen for practical steps to stay ahead of the 2026 reporting shift.