European asset managers are planning to halve the amount they spend on research , according to a survey by consulting firm Quinlan & Associates . Sellside brokers are set to be hit the hardest , with the survey revealing that much research is " redundant or unused . There is no doubt [banks] will have to reduce costs further. " European governments have asked firms to provide clear budgets for research , leading many banks and asset management companies to question their spending .
European asset managers are planning to halve the amount they spend on research , according to a survey by consulting firm Quinlan & Associates . Sellside brokers are set to be hit the hardest , with the survey revealing that much research is " redundant or unused . " European governments have asked firms to provide clear budgets for research , leading many banks and asset management companies to question their spending .