Credit Agricole to Slash Cost of MiFID Research to $24,000
- French bank rethinks its offer as pricing war intensifies
- Most expensive package was 120,000 euros for credit only
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Credit Agricole SA became the latest European bank to reduce the amount asset managers need to pay for its investment research next year.
The French bank is now offering a single service encompassing all its research, conferences and some analyst access for 20,000 euros ($24,000) a year, according to a pricing document dated Sept. 18 on its website. Clients who want to have priority to analysts may be charged more. The bank is no longer making a distinction between basic and premium research with the package that includes macroeconomics, credit, emerging markets, foreign exchange and interest rates.