Chief executive of the Financial Conduct Authority (FCA) Andrew Bailey has claimed MIFID II will save investors £1bn over the next five years as a result of firms slashing their research budgets.
MiFID II, which came into effect in January 2018, requires asset managers to pay for research separately from other broker services. The result has been the vast majority of asset managers deciding...
Systems, controls, governance and culture
Following more reviews
Beyond the FCA's seven considerations
‘Ensure vulnerability is taken seriously’
For smaller and medium firms
'There will be more consolidation'
Fee-based revenue fell 13%