Advisers struggling with MiFID II requirements amid 'regulatory fatigue'

'Regulatory fatigue'

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"Initiatives such as MiFID II create challenges that any business would struggle to adapt to rapidly" - FE's Mikkel Bates
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"Initiatives such as MiFID II create challenges that any business would struggle to adapt to rapidly" - FE's Mikkel Bates

Financial advisers are split over the effect MiFID II has had on their business processes, research from Financial Express (FE) has suggested.

The report analysed responses from more than 200 advisers and focused on the areas where they believe they could make improvements to their businesses and clients. In response, one-quarter of advisers believed the second iteration of the Markets in Financial Investments Directive (MiFID II) had improved their business processes compared with a third (32%) who reported it had made them worse. Some two-fifths (43%) said the rules had made little or no difference. Of those who thought MiFID II had made business processes worse, the majority (70%) said it had not provided better transpare...

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