Mifid II will force sell-side firms to unbundle research fees from dealing commissions they charge to buy-side clients. The banks claim their front-office notes meet the criteria of being a minor non-monetary benefit, but EU watchdogs aren’t convinced, reports Risk.net’s Samuel Wilkes.
Banks are increasingly adopting new machine learning techniques for compliance and surveillance, but should be wary of setting expectations too high.
Some suggest that Bloomberg’s decision to introduce a cut-price version of its Instant Bloomberg messaging is a sign that the data giant is rattled by bank-backed secure messaging startup Symphony. Joanne Faulkner investigates whether the move reflects concern at the vendor, or is simply how Bloomberg is adapting to the broader evolution of messaging.
The Italian managing director of Mediolanum AM explains why technology is critical to today's financial services industry.
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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