Mimicking MiFID II: Three potential outcomes of CSA unbundling in the US
An updated version of the European Union's Markets in Financial Instruments Directive - known throughout the capital markets industry as MiFID II - won't go into effect until 2017, but tensions surrounding the regulations are already high.
European broker-dealers will face a number of operational adjustments under MiFID II, but one proposed change has small and mid-sized firms on edge more than others: the unbundling of trade research
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