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...
Equities overweight down to 3%
Relates to 136 million transaction reports
Patience must be a watchword
MSCI has recently increased the Chinese A-share market's inclusion factor from 5% to 20%.
Change of objective