Australian banking group Macquarie has cut the number of analysts it employs within its European division in response to MiFID II requirements forcing investors to pay for reports and analyst reports.
The move will see Macquarie reform its research coverage of around six key sector as a "handful" of analysts depart the firm, according to the Financial Times. MiFID II, which came into force on 3 January,...
Left in January
Transparency issues with no-fee structures
Would cause damage to other emerging markets
Questionnaires sent to firms