The directive’s downward pressure on the sales teams of investment banks is contributing to the rise of a two-tier system with personalisation for 'high-touch' investors, and an automated service for lesser clients, according to banking sources
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Thomas has worked for a variety of media outlets, including Kashmir Observer, La Vanguardia, and Hürriyet Daily News. He joined IFLR in 2019 and his long report "The Accumulative Impact of Post-Crisis Regulation" was the first journalistic attempt to survey the impact of post-2008 reforms on financial markets. He is currently focused on Brexit, Mifid II, market structure issues, and sustainable finance.