As banks and product manufacturers weigh the extraterritorial impact of the EU's new retail investor protection regime, some are withholding products in lieu of further guidance while others consider rolling it out globally
In the absence of clarity from Esma on a key piece of the new reform, firms are being left to decide internally how to treat fee disclosure. That's led to wild inconsistencies in approach, according to four banks that spoke to Practice Insight
Part one of Practice Insight's landmark survey on Mifid II and its impact on market structure focuses on systematic internalisers. All respondents are market participants at banks that have opted in to the regime
Bankers are divided over an element of the sweeping new directive that some think has the potential to end order inflation in initial bond sales for good
Buy and sellside firms and industry associations tell Practice Insight what they are lobbying the European Commission on, from scope to performance scenarios. They now have the support of the ESAs too
Almost a year after implementation, sources are still having “shocking” conversations on the regulation, particularly in the US. Many are having to start from scratch after recognising they have not been compliant
