LONDON -- Last month’s proposals from the UK’s Financial Services Authority (FSA) would effectively curtail the extent to which brokers and fund managers can negotiate ‘soft commissions’ and ‘bundling’ services. The proposals are likely to have far-reaching consequences on the buy side.
The financial regulator proposed that "fund managers would no longer be able to incur costs for services additional to dealing without the customer’s express agreement", in a press release on April 7. The
Anthony and James look news pertaining to cryptocurriences and blockchain deployments, as well as AI and cloud.Subscribe to Weekly Wrap emails
- In Praise of Perseverance: Laura Barrowman, Credit Suisse
- Brexit's Unintended Consequences Could Include Mifid III
- Wavelength Podcast Episode 145: CSDs Consider Crypto; Bank Robberies & AI; DTCC's Blockchain
- Alt-Data Difficulties Challenge Largest Asset Managers
- Custody Seen as Crypto's Next Major Battleground