Dean Richardson, director of Australasia at Edison Group, interviews Neil Shah, director of research at Edison Group, on the potential impacts of MiFID II in Europe, as well as in Australia and New Zealand. In this interview, Neil outlines how MiFID II is bringing about a raft of changes to the way asset managers can pay for investment research, and how this will lead to significant disruption in the way portfolio managers access information and ideas on companies.
The asset management industry is increasingly characterised by global clients and global service providers. As such, the impact of MiFID II is likely to be seen worldwide, despite its European origin. Legal implementation of MiFID II in Europe is expected to be carried out in January 2018; however, many asset managers in Australia are already adapting their practices to be compliant.
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