Nick Bayley Quoted in the Financial Times: City Feels the Pinch

Nick Bayley, Managing Director in the Compliance and Regulatory Consulting practice at Duff & Phelps, spoke to the Financial Times about how the MiFID II regulation has impacted the way brokerages do business, and how asset managers have been forced to set up expensive systems for reporting trades and to pay for research and trading separately.

“A lot of brokers have been crossed off the list of the buyside firms and the amount that firms are willing to pay for research is much more limited…there just isn’t the deal flow at the moment to support this number of brokers. Consolidation has been predicted for a long time and it’s gradually beginning to happen,” Nick said.

The article is available to subscribers here.

 
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