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...
Criticism of FCA register post SMCR
Filling Christopher Woodlard’s shoes
Three hours in front of regulators
Figures for Q2 and Q3
Fees 0.1% per annum or £20 per month
Square Mile's series of informal interviews
Percival on DB suitability
First trading loss in five years