All MiFID II articles
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News
FCA finalises rules for return to investor-funded investment research
FCA makes some changes to guardrails to increase likelihood of take-up of new payment option
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News
Research budgets rise globally for first time since MiFID II – survey
Last year saw research budgets stabilising and now there is confirmation that the trend has turned, says Substantive Research CEO
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News
Asset managers expect MIFID II changes to remove operational barriers – survey
Substantive Research finds that 85% of surveyed managers currently operate on the P&L research funding model
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News
UK regulator paves way for return of client-funded investment research
FCA consults on allowing asset managers to bundle payments again, with ‘guardrails’
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Features
MiFID II reforms: Bye bye unbundling?
A key part of the 2018 MiFID II package, the requirement to unbundle research from execution costs shook up the European asset management industry and changed the relationship between investment managers and their clients.
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Opinion Pieces
Does the UK really need to consolidate thousands of DB schemes?
The UK’s so-called Mansion House Reforms are under way. This cluster of policies takes its name from the residence of the Lord Mayor of the City of London, which is the venue for a regular set-piece policy speech by British chancellors of the exchequer, the latest of whom is Jeremy Hunt.
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News
BaFin deploys full range of regulatory tools to fight greenwashing
The regulator’s efforts are currently focusing on the ‘environmental’ aspect of ESG, and particularly on climate change
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News
Trend for greenwashing call out to spread to impact investing, says PGGM’s Op ‘t Veld
‘Some investors are currently rather liberal with their claims on impact, which I’m quite concerned about,’ says the responsible investment principal director
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News
New cost model floated to ensure longevity of manager ESG efforts
Frost Consulting questions the maintenance of P&L-funded ESG/stewardship programmes in a bear market
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News
French groups agree sponsored research charter in post-MIFID II move
Move follows recommendation of financial regulator and drop in number of companies covered by independent research
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Special Report
MiFID II: A threat to European sustainability?
MiFID II is unintentionally jeopardising the long-term objectives of ESG investors
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News
NBIM warns ESMA’s transparency ideas could cause ‘adverse price moves’
Norwegian SWF manager responds to suggestions for tweaking FBA terms in European MiFIR consultation
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News
NBIM suggests ‘continuity venues’ for bourses after cyberattacks
Norwegian SWF responds to ESMA’s algorithmic trading consultation
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News
Asset management roundup: TISA MiFID II reporting platform goes live
Plus: Kempen introduces diversified distressed debt pool, MJ Hudson acquires private markets performance analytics specialist
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Features
Briefing: An unfortunate lack of ambition
The second Capital Markets Union (CMU) Action Plan of the EU Commission lacks ambition. This at a time when the EU Commission wants to set an industrial policy for the EU to bolster competitiveness in key sectors. It also comes shortly before the UK’s departure from the EU. Yet a vision of what the EU wants to achieve, by when and how, is missing.
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News
WTW starts new German investment services firm amid Brexit uncertainty
WTW has decided to make Germany the hub for providing these services in continental Europe after Brexit
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News
SME research boost targeted in capital markets recovery package
EU executive arm proposes changes to several regulations and consults on MiFID II research regime rules
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News
EC ‘not playing by the rules’ with ESG product adds in MiFID II proposal
Proposed restrictions on ‘Article 8’ also seen as working against broader policy aim of building sustainable economies
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News
FCA outlines thinking about UK prudential rules for investment firms
‘Investment firms should be aware of the scale of the change the IFD/IFR represents’
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News
Dutch supervisor on Brexit volatility risks, MiFID II impacts
But local financial sector ‘sufficiently prepared’ for Brexit