Financial Stability

MiFID II failed to open up investment research market

By Justin Pugsley
BRR fallback image

The firm published a survey on April 14, showing that 52% of research budgets went to the top 10 providers in 2019, compared with 51.6% in 2020, only to increase to 53.1% in 2021. Substantive Research said this shows that the incumbents are once again gaining power and that competition ...

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