Global banks are facing a new challenge in their Asia-Pacific trading businesses from an unexpected direction — EU markets rules that are forcing change in dealing rooms from Singapore to Hong Kong to New Delhi.
Banks and asset managers in the EU have spent years preparing for the EU investor protection rules known as Mifid 2 that are due to come into force at the start of 2018. The changes involve a heightened administrative burden and structural challenges such as having to charge clients separately for research.
The full article is available at https://www.ft.com/content/843fb5b2-443d-11e7-8519-9f94ee97d996