By squeezing research budgets and brokers’ revenues, it has hastened market concentration
Tag: directive’
The EU’s unbundling directive is reinforcing the power of scale
ANEW YEAR often begins with a headache. For asset managers and brokers, last year’s pain was intensified by the European Union’s revised Markets in Financial Instruments Directive (MiFID 2), which came into force on January 3rd 2018. Among other things MiFID 2 obliged fund managers (the “buy side”, in industry argot) to pay brokers (the […]
No ‘secret directive’ on Syria – UN
The United Nations has said that neither its department of political affairs nor any other UN entity has issued a “secret directive” on Syria. It said that there are internal policies and guidelines “shared within the UN system to ensure support and assistance is provided to those in need in all areas of Syria.” Such […]
‘Secret directive’ bans UN agencies from helping rebuild Syria until ‘political transition’ – Lavrov
Washington’s “absolutely deconstructive” stance is hampering the rebuilding of Syria and constricts the UN in aiding the country until a so called ‘political transition’ takes place, Sergey Lavrov, Russia’s Foreign Minister, said. Washington’s “absolutely deconstructive” stance is hampering the rebuilding of Syria and constricts the UN in aiding the country until a so called ‘political […]
