Moving research payments into the post-trade process could help get around conflict between CSAs and RPAs.
Survey finds 46% of the buy-side are waiting for the final regulatory texts before implementing RPAs.
Banks and brokers are reducing research services provided to smaller buy-side firms.
Panel agree that firms will opt for paying for research internally, following Mifid II regulations on unbundling.
Questions raised over viability of CSAs and potential loopholes on non-monetary minor benefits.
Mifid II delegated acts on research indicate that research payment accounts will require a large amount of information disclosure and administration in order to comply.
As Asian fund managers weigh up research and commission payments, Joe McGrath asks Allianz Global Investors’ Pan Yu Ming whether international fund houses should adopt global standards
FCA plans year-long study into asset managers, looking at competitiveness and achieving value for money for clients.