How Mifid II unbundling has shaken research market

Just three months since implementation, Mifid II has already prompted both buy and sellside firms to change their approach to investment research. Many banks have already scaled back their offerings, while independent providers have experienced significant growth. Consolidation is inevitable, but in the meantime a price war among sellside firms may prompt regulatory intervention

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This landmark Brexit survey reveals how capital market participants are responding to the UK's exit from the EU, as both buy and sellside firms discuss their struggle with internal politics, novations and relocation preparations.