SEC slaps Deutsche Bank with $9.5m fine for research failures
Deutsche Bank failed to safeguard research and provide internal communications to US regulator during investigation.
Deutsche Bank failed to safeguard research and provide internal communications to US regulator during investigation.
ESMA states “all sufficient steps” to be taken to obtain best execution, but not for every single client order.
Report has urged buy-side companies to act now to ensure compliance with MiFID II requirements on protecting end-investors.
Regulators have signed a memorandum of understanding to support companies based in the UK and US.
Panellists agree that perfect best execution can’t be achieved and describe it as a ‘relative term’.
US regulator found ex-Credit Suisse COO had pressured employees to misrepresent metrics.
FCA proposes full disclosure of transaction costs to pension schemes that invest in funds.
Panellists at The Trade’s MiFID II event in Paris discussed the issues surrounding the buy-side’s reporting obligations.
Fixed income pre-trade transparency and the number of instruments will see less firms opting in to become a systematic internaliser.