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. '10% rule' revamp and disclosure harmonisation: Industry eyes key...
Japanese stocks have more than doubled their returns since December 2012, on the back of Abenomics, but many investors are still not convinced of the sustainability of the rally.
Shares up 15% on Friday