FCA chief: MiFID II research rules to save investors £1 billion in five years
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.
Tag: Unbundling
Regulation
Larger buy-side firms cut research budgets as MiFID II beds in
CFA Institute report suggests unbundling has not had a positive impact on the industry as budgets decrease, while coverage and quality of research falls.
MiFID II sees global equities trade execution rates decline
Analytics on average global commissions shows that rates have declined across developed and emerging markets.
MiFID II research rules could spur further mergers on the buy-side
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.
RSRCHXchange adds sell-side firms to research provider programme
ABN Amro, Liberum, Peel Hunt and Numis are among the sell-side research providers to join the programme launched by RSRCHXchange.
MiFID II goes global as buy-side implement global unbundling policies
Study from Liquidnet finds that more than half of asset managers have implemented a global policy for unbundling under MiFID II.
Buy-side adopts Bloomberg’s MiFID II research service
Union Investment and BMO Global Asset Management are using Bloomberg’s research service to comply with MiFID II.
MiFID II spurs €20 million additional costs at Deutsche Asset Management
Deutsche Bank’s CFO says external research costs related to MiFID II reached €20 million in the first half of the year.
Buy-side warned about free-trial periods for research under MiFID II
ESMA lays out rules for free-trial periods and investment firms are excepted to keep a record that they have been met.
Custodians could play a role in MiFID II research provision
One head of global custody believes custodians could play a part in the front-end decision-making process for clients.