How to stay one step ahead of regulatory changes

REGULATION

clock • 6 min read

John Barrass, deputy chief executive of the Association of Private Client Investment Managers and Stockbrokers, and Peter Moores, CEO of Raymond James Investment Services, explain how wealth managers can stay on top of crucial changes in the financial services industry.

Amid the maelstrom of regulatory acronyms emerging from EU policymakers – from MiFID to PRIPs to AIFMD (see box) – it is easy to forget that regulators and financial services companies have a common goal: the delivery of effective and appropriate financial services to consumers. Regulators have styled regulation to be intrusive, and companies have tended to see it as an exhausting and interminable series of initiatives. This often frustrates existing business practice and adds to costs. However, embracing and engaging with not only the UK but also EU legislators and regulators, can id...

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