Junior analysts who followed MiFID 2 are out of favor at DNB
At the markets unit of Norway’s biggest bank, DNB ASA, management is determined not to leave equity research in the hands of junior analysts.
BY JONAS CHO WALSGARD / BLOOMBERG
Alexander Opstad, who runs DNB Markets from Oslo, blames Europe’s revised rules for Markets in Financial Instruments (MiFID 2) for forcing many firms in his industry to cut back on the quality of research.
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