MiFID II Research Valuation & Budgets – The End of the Beginning?
Recent FCA guidance on the implementation of MiFID II is the ‘starting gun’ for global research process transformation. The asset manager’s research budgeting process, and the way in which it is communicated to asset owners, will become a major competitive battleground for asset managers. Here’s what asset managers will have to consider when constructing strategy-level research budgets. See attached file below for more.