MiFID

The European Securities and Markets Authority (ESMA) has delayed its review of standards for MiFID II until September, cutting the amount of time the industry will have to assess proposals ahead of implementation.

'Wealth managers are at the mercy of fund managers on costs'

Last week, Neptune announced an overhaul of its research and business operations following disappointing fund performance in recent years.

A very MiFID Christmas

WEALTH MANAGERS

REGULATION

GOSLING'S GROUSE

Fund managers have voiced concerns ETF trading is increasingly driving the direction of the wider market and exacerbating recent slumps, raising questions over the use of the products in less liquid securities.

The continued squeeze on liquidity in the corporate bond market could lead to the closure of larger funds to investors and even cause parts of the corporate bond and gilt markets to shut down.

SMALL CAPS