FT Series

Launch of Mifid II

Designed to promote investor protection and inject more transparency, the EU’s ambitious Mifid reforms are transforming Europe’s financial industry after coming into force in January

Don’t bet on Mifid II’s quiet start lasting

Studies this week from UK regulators suggest they are serious about enforcing the rules

What is Mifid II and how will it work?

Far-reaching rules will have a big impact on everything from banks to brokers

Investors eye trading gold in Mifid II overhaul

An expected cut in sellside analysts and new data offer potential opportunities

Dark pool share trading flourishes after Mifid delay

Little evidence that banks and investors are pushing trades on to public exchanges

Goldman leads fundraising in research platform

Visible Alpha aims to benefit from regulations facing investment research

Nomura signals research shake-up as Mifid reforms bite

Japanese bank considers restructuring operations at home and in US

More from this Series

London loses oil futures listings as Mifid II bites

ICE shifts 245 North American contracts to US in response to customer demand

Trading venues downplay rift over Mifid II reforms

Regulator says the delay reflected incomplete data supplied by the industry

Blow to Mifid II as regulator halts trading shake-up

Hundreds of blue-chip stocks were set to be temporarily barred from dark pools

Investor relief at smooth launch of Mifid II

Fears for new systems and trading levels prove mostly unfounded

Mifid II risks drowning in its ambition

Only 11 of the EU’s 28 member states have added flagship legislation into national laws

Mifid II launch overshadowed by futures delay

Bond trading volumes drop as Europe’s market digests most ambitious change in a decade

ETF providers hope Mifid II will spur European growth

Regulatory shake-up to provide more transparency on trading of passive investment vehicles

Europe begins countdown to Mifid II

Sweeping changes to EU rules on financial instruments come into force on January 3

EU regulators grant more last-minute relief on Mifid II

Banks and brokers will have six more months to comply with requirement to have a trading ID

Mifid II shake-up triggers surge in ads for staff

Banks, asset managers and law firms in hiring spree ahead of EU regulatory changes

How Mifid II can rehabilitate the sell side

Europe’s new investment market rules will focus on the economics of paid-for analysis

Asset managers braced for hefty research bill

CFA report estimates median cost of equity research will be 10 basis points of AUM

FCA warns research pay rules extend to sales and trading

Watchdog’s Mifid II ‘bombshell’ at industry conference alarms some in City

Regulators plan late tweak to Mifid share-trading rules

Esma fears some banks and traders will use ‘loopholes’ to move more business off-exchange

European equity investors start adapting to Mifid II rules

Fund managers wanting to buy and sell large blocks already using waiver rule

US asset owners warn about Mifid II’s impact

NYC pension and Colorado state want EU research regulations rolled out across America

SEC grants US brokers relief from EU research rules

Regulator’s move allows American groups to adhere to European rules known as Mifid II

BofA breaks ranks to take investment adviser status

Bank moves to provide research in Europe before market rules come into force

US banks charge up to $15k for analyst calls

New report says analyst research from investment banks is priced unrealistically high

Fund houses and regulators battle to be Mifid ready

Widespread uncertainty over complex new regulations linger ahead of January 3 deadline

Wall St bemoans ‘massive headache’ of Mifid II

Finance trade bodies worry the SEC has been too slow in responding to new European rules

Voice brokers fight to survive Europe’s shake-up

Mifid II’s sweeping new rules may imperil traditional deal negotiated over the phone

Mifid will drive profound fixed-income transparency

Not everyone will like the new rules on price unbundling, writes Norma Cohen

Carmignac warns Mifid II will harm European managers

French group believes research quality will suffer if fund houses absorb costs

Small research groups fear banks’ ‘predatory pricing’

Concerns grow about the impact of new Mifid II rules on specialist providers

Mifid II is Europe’s chance to set gold standard

Global markets will need to adapt as new European rules have global ramifications

EU-US Mifid II accord set to go down to the wire

European authorities reveal they have hit a stumbling block due to rules’ reach

FCA warns Mifid will bring greater scrutiny

City watchdog will be able to pinpoint order flows by trader, and even by client

Schroders and Janus Henderson to pay for research 

Fund managers backtrack on charging clients after BlackRock says it will foot bill 

BlackRock to fund external research under Mifid II

Decision by world’s largest fund house piles pressure on rivals to absorb costs

Tudor and Brevan Howard abandon Mifid

Two large hedge fund companies have dropped their licences for the EU regulation

Fund managers face $1m price tags for research

Banks are locked in tense negotiations over how much to charge investors under Mifid II

Vanguard breaks ranks to pay for analyst research

Fund giant heaps pressure on rivals by covering research costs under Mifid II rules

Mifid II drives US investment industry frantic

New finance directive is not easily compatible with regulation beyond Europe’s borders

Fund industry moves to paying for research itself

Northern Trust is latest asset manager to say it will not charge clients

List of asset managers that will pay for research

Fidelity reacts to client complaints and will now absorb research costs under Mifid II

Mifid II will deliver long-overdue value for money

New EU rules are great news for pension funds and retail investors, says Norma Cohen

€2.5bn cost of Mifid II rattles asset managers

Complying with the EU’s far-reaching financial reforms will not be cheap or easy

Amundi will not absorb investment research costs

Clients of French fund house will keep paying for research from banks and brokerages

Banks to clash over Mifid II rules on research

EU legislation requires fund managers to pay directly for analyst research from 2018

‘Overly zealous’ rules will drive away traders, CEOs warn

Heads of Europe’s largest electronic debt trading venues make plea for Mifid changes