First of all, let's be clear: yesterday's drop in the Dow Jones index of 1175 points is not at all historic: a fall of 4.6% does not even rank it in the top-20 of daily percentages losses. The fixation on the "record" point loss is...
An article posted in Private Banker International today highlights the opportunity for wealth management firms to lower their overal costs of compliance by partnering with RegTech companies. A survey by GlobalData showed that while wealth managers in Asia Pacific are fully onboard, with 72% ready to...
As was clear from the outset, MiFID 2, despite its thousands of pages or regulation and the additional one year delay in its effective date, is still a work in progress. ESMA had to announce a delay in implementing the double-volume cap mechanism (to limit the...
One of the most discussed MiFID 2 issues is the obligation to unbundle research from brokerage commissions. It was not part of the original Level 1 text, but is a Level 2 "implementation" by the European Commission (on the advice of ESMA) of the new framework...