91% fragmented. 70% report compliance failures. As Connectivity in the Age of AI reveals, the buy side’s wiring is broken, and AI is making the cracks impossible to ignore.
Execution economics are collapsing, clients demand transparency, and supervisors are embedding ICT and data risk directly into Pillar 2 capital. In 2026, that means a 0.5% surcharge — wiping out 10 to 15% of ROE — is no longer theoretical but the likely outcome for firms that fail to act.
This episode brings PJ Di Giammarino, CEO of RegRisk Legal Solutions, together with Rebecca Healey, Chair of the FIX Trading Community’s AI Working Group, to unpack why AI has forced execution into the boardroom — and how standards like FIX, CDM, and DRR-style logic can turn compliance from a capital penalty into competitive advantage.
👉 Listen now. Q4 2025 is the last budget window before AI in trading becomes the next capital test.
