Nick Bailey says Frustration Over MiFID and PRIIPs Nears Boiling Point

Nick Bayley, Managing Director in the Compliance and Regulatory Consulting practice at Duff & Phelps, spoke to the Financial Times about the backlash against regulators from asset managers over reforms to the industry, such as MiFID II and PRIIPs, which have led to extra workload and higher costs. MiFID II and PRIIPs affect all investment managers, banks and insurance companies operating in Europe.

“Younger investors will require a far higher degree of openness about what they are paying for than previous generations. The disclosure rules are a step in the right direction as they require firms to make real, underlying costs associated with investing much more apparent,” said Nick.

Read the full article here.

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