Wed, Dec 12, 2018

Nick Bayley Quoted in the Financial Times: London’s Stockbrokers in a Fight for Survival

Nick Bayley, Managing Director in the Compliance and Regulatory Consulting practice at Duff & Phelps, spoke to the Financial Times about the European Union’s MiFID II legislation and its impact on small-cap stock brokers. The rules, which came into force in January 2018, have forced asset managers to set up new costly systems for reporting trades and to pay separately for research and trading, ultimately hurting research revenues.

Read the full article here.