FCA’s Bailey Says Regulators Eager to Solve MiFID Research Snag
- Banks, asset managers held meeting with FCA on MiFID solutions
- Firms can ‘get stuck in the middle’ of EU, U.S. rules
FCA's CEO Discusses MiFID Research Snag
This article is for subscribers only.
Regulators are working to find a solution for asset managers and banks that will be stuck between U.S. and European Union rule books when MiFID II takes effect in January, said Andrew Bailey, the U.K. Financial Conduct Authority’s chief executive officer.
Regulators on both sides of the Atlantic from the U.K., EU and U.S. are aware that the clock is ticking.