Smaller firms have 'no idea' what MiFID II brings, warns advice boss
Red tape and tech driving consolidation
"MiFID II will start to cause lots of headaches for people who are trying to run things themselves because of what you are now expected to be able to show" - Foster Denovo's Roger Brosch
Smaller firms are facing increasing difficulties in the form of greater regulatory demands and technological advances, while some "don't have any idea what MiFID II means for them," Roger Brosch has warned.
For smaller firms, the Foster Denovo CEO (pictured) said, regulatory change and technological advances had become expensive to invest in and difficult to keep up with. "The second Markets in Financial...
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