As the AMF in France looks to revive the declining research market in Europe under unbundling, David Whitehouse finds that providers who can supply high-quality ESG research could be the winners of an upcoming review of MiFID II.
The tool aims to provide asset managers with more effective oversight of investment research processes.
France’s AMF makes key recommendations for changes to unbundling under MiFID II, after forming a task force to explore ways to mobilise the research marketplace.
The US securities watchdog has extended the relief period to July 2023, after stating it needs more time to evaluate the impact of unbundling under MiFID II.
COMMICSECM platform to automatically unbundle trades for US asset managers for increased spending transparency.
The AMF has launched a study into the impact of unbundling in order to improve coverage for small- and mid-cap stocks.
Andrew Bailey told delegates at an event this week that the unbundling of commissions and research payments has been positive for the industry so far.
CFA Institute report suggests unbundling has not had a positive impact on the industry as budgets decrease, while coverage and quality of research falls.
Analytics on average global commissions shows that rates have declined across developed and emerging markets.
Deloitte's 2019 regulatory outlook report predicts burden of absorbing costs of research under MiFID II will reinforce trend of consolidation on the buy-side, particularly among smaller firms.