Mifid II leaves some behind

Michael Bow
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ASSET managers are falling behind broker dealers, retail banks and private banks in preparing for the implementation of the second Markets in Financial Instruments Directive, a survey out today finds.

A number of firms will undertake an analysis of the impact before the end of the year but PwC, which conducted the study, found asset managers had done less work on it than other sectors.

Over 50 per cent of financial industry respondents had allocated budgets to help prepare for the new rules.

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