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Mifid research rules could hit asset manager profits 29%

European asset managers’ operating profits could decline 17 to 29 per cent because of research unbundling required under Mifid II, analysis by S&P Global has found. Crisil, an S&P company, believes most large European asset managers will absorb research costs, rather than adopting research payment accounts, which it describes as a “strenuous” process. The cost of […]

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