A piece of new regulation could leave advisers who manage investments within a client's trust unable to trade certain financial instruments after the New Year deadline.
The incoming requirement for legal entities and structures to have a Legal Entity Identifier (LEI) - if they trade in certain financial instruments - is a part of the European Markets in Financial Instruments...
Investors have largely avoided financials over the past 10 years, with the share prices of US and European banks having largely stood still relative to broader markets since 2007. But while banks won't return to their record valuations any time soon (and...
Steps already taken
Increasingly diverse sector
First of planned acquisitions
Feedback from first year