Frustration over MiFID II and Priips nears boiling point
There is growing skepticism among investment managers, banks and insurance companies over MiFID II and Priips, shows new survey. 59 percent think that the new rules have not delivered better outcome for investors.
Ambitious plans to transform Europe’s investment industry have led to a backlash against regulators from asset managers infuriated by the vast extra workload and higher costs.
Reforms introduced in January 2018, known as MiFID II and Priips (packaged retail investment and insurance products), affect all investment managers, banks and insurance companies operating in Europe as well as the financial future of every European citizen, reports Financial Times.
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