Not everyone’s cup of tea…
IEA Financial Services unit releases report outlining the unintended consequences of MifID II regulations
However, one year on, many practitioners’ initial fears about MiFID II appear to have been realised, especially with regard to unbundled research causing a reduction in the amount of research available on smaller companies. Fears that new firms would be discouraged from starting in the UK due to excessive EU regulation and their ‘gold plating’ by the UK government have also proved to be well founded. Gold plating was cited as a particular problem for new market entrants in the insurance industry.