Mifid IIFeb 26 2019

FCA predicts £1bn saving for investors under Mifid

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FCA predicts £1bn saving for investors under Mifid
ByRachel Mortimer

"It is also clear that the market is still evolving, and that we quite likely have not yet found the right pricing equilibrium for research – or felt the full benefit of competition – in a market which was previously characterised by opaque pricing and weak competition."

Mr Bailey said the new framework is designed to "increase accountability" but must rely on competitive market for research to be fully effective.

He added: "Competition creates winners and losers – this may mean some consolidation in parts of the market and, hopefully, new opportunities for those offering the best products and services."