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WorldPosted at: Jun 26 2017 10:07AM


Some banks risk $240 mln research loss as MiFID gives low-cost players a leg-up

HONG KONG, Jun 26 (Reuters) Some global investment banks risk losing up to
240 million in business by 2020 as a regulatory overhaul, which will change the way securities research is priced and used, makes independent firms more attractive for clients, a financial consultancy said.
Unlike the big banks, the smaller securities research firms do not offer trading or corporate finance. They rely entirely on what they charge for research, as will be required under the European Union's Markets in Financial Instruments Directive, or MiFID II, due to take effect in January 2018.
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