While retailers gear up for the Christmas countdown, the clock is also ticking for overworked compliance teams to get to grips with the complexities of MiFID II as they work towards the 3 January 2018 implementation date.
They are not helped in their task by the fact firms are still waiting for further guidance from the European Securities and Markets Authority (ESMA), with a paper due later in the autumn on product governance....
Retail companies could exceed expectations
Debt has become the opioid crisis of the global economy.
Bond investors spent most of last year transitioning towards a more fundamentally driven approach to selecting assets.
There is something strange going on in Europe according to some commentators - the market has rallied aggressively post the trade war-induced sell-off in the fourth quarter of 2018.
We expect to see continued market volatility and macroeconomic uncertainty in the UK throughout 2019, not least due to Brexit.