While determining the full extent of MiFID II on U.S. asset managers remains a murky endeavor, many are working to ensure the ripple effect from across the pond doesn’t turn into a tidal wave. Numerous U.S. asset managers with substantial business in the U.K. and Europe are choosing to adopt global practices to lessen the burden of maintaining distinct research management processes in different regions. In theory, as large global investment managers adopt global processes, smaller firms will follow suit.
The press release to Greenwich’s MiFID II survey is available here.