Amid Predictions Revenue Could Tank 50%, Asset Managers Still Unprepared For Mifid II

The EU is rolling out new rules for banks and Mifid 2 Research regulations will change a lot in the financial industry from high fees to laying off analysts

Banks and financial institutions have become used to bowing to regulators’ demands with the tidal wave of regulation that has swamped the financial services industry since the great financial crisis. However, in less than a year’s time, the industry will face its largest test when one of the most ambitious and contentious sets of financial reforms from the European Union will come into force.

These reforms are the second installment of the Markets in Financial Instruments Directive -- better known as Mifid 2 -- and are especially far-reaching because many...