What is happening?
As part of the Markets in Financial Instruments Directive II (MiFID II), EU-based fund managers will have to pay for research either out of their profit and loss accounts or set up ring-fenced research accounts.
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Western EuropeOctober 24 2016
France takes lead in unbundling debate on research
The unbundling of research from trading commissions represents a major change in the way banks and brokerages produce analysis for their clients and the French supervisor has taken a lead in this debate by appealing for a level playing field and an end to ‘gold-plating’. By Justin Pugsley.
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