Almost three quarters of asset managers have concerns over Markets in Financial Instruments Directive (MiFID) II to be imposed from January 2018, according to a survey by State Street, with 59% of respondents agreeing that the increased transparency of in-scope instruments from these regulations will impact their firms. The report also found that more than half (54%) of financial advisers are concerned about the potential for new rules on capital requirements and liquidity requirements, which could lead to higher costs or lower returns for clients.
Almost three quarters of asset managers have concerns over Markets in Financial Instruments Directive (MiFID) II to be imposed from January 2018, according to a survey by State Street, with 59% of respondents agreeing that the increased transparency of in-scope instruments from these regulations will impact their firms. Rory Tobin, the global co-head of SPDR Exchange-Traded Funds, said that the underlying liquidity required by MiFID will increase confidence in investment products, thus further stimulating their development.