JP Morgan AM’s Greco; The good European
JP Morgan Asset Management’s head of European funds Massimo Greco shares his insights on fees, Mifid II and the importance of stability in Europe.
JP Morgan Asset Management’s head of European funds Massimo Greco shares his insights on fees, Mifid II and the importance of stability in Europe.
Manufacturers will shoulder the burden when new European rules, which enable consumers to compare retail savings and investment products, come into force on 31 December 2016.
The European Securities and Markets Authority (ESMA) has published its guidelines on cross-selling products under MiFID II aimed at improving the treatment of investors when an investment firm offers two or more financial products or services as part of a package.
Europe’s MiFID II legislation looks set to be delayed in full by a year after parliamentarians agreed not to block requests from policymakers and regulators to postpone it.
FCA chairman John Griffith-Jones has spoken out on the “realistic, if not ideal” delay to MiFID II, while acknowledging the need for a “less is more” approach to the regulation of wealth managers
An industry frustrated by the lack of clarity over MiFID II’s detailed requirements would welcome a year-long deferral.
The European Commission has said it is considering a delay of up to a year to the initiation of the second iteration of the Markets in Financial Instruments Directive.
National legislators and regulators will all implement the MiFID II directive differently. Since this creates complications for international asset managers, the European Fund and Asset Management Association (Efama) wants an extension of the deadline for full implementation of MiFiD II, which is currently set at January 2017.
MiFID II will have significant and wide-ranging implications for the strategy, operations, conduct, and governance of a wide range of firms in Europe, even ahead of its implementation on 3 January 2017, according to Deloitte.
Business technology provider Sapient Global Markets has built an extension to its platform to help advice and wealth management firms comply with MiFID II regulation.
The European Securities and Markets Authority (ESMA) has released its final technical standards for MiFID II and the Market Abuse Regulation (MAR), which set out how the new legislation will work in practice.
Now at the helm of Blacktower, John Westwood is steering the wealth management business into new international markets, sailing steadily on-course in a rapidly changing market.