In this issue we provide you with the first-of-its-kind, European-wide perspective on the MiFID II policy. The new report, MiFID II; One Year On, offers an informative assessment of the current investment research market, with feedback from both the buy-side and the sell-side of the investment industry. We also share our comments on the Competition Markets Authority to require joint audits and peer review because we do not believe that these increase audit quality. We support greater regulator oversight of audit committees, but not the breakup of the “Big 4” audit companies.
Spring 2018: This report presents our comment letters to regulators regarding capital markets and investment issues and includes our remarks on regulations and regulatory proposals that we deem important. It also provides examples of content that elucidate our position and outlook on these matters.
Capital formation and implications for investors: A combination of readily available private capital in search of higher returns in a low interest rate environment, as well as less capital-intensive new business models, has served to give new businesses more funding options than ever before. At the same time, there is no need to offer regulatory shortcuts to make public markets more attractive to new businesses seeking funding.
Financial Reporting Requirements & Issues
Auditing Requirements & Practices
Investment Products & Services
Financial Market Regulation
- Analyst Ethics
- Analyst Research Process
- Automated Advisors
- Business Continuity Plans for Advisers
- Commission-Based Advice
- Conflicts of Interest
- Credit Rating Agencies (CRAs)
- Elements of Effective Regulation
- Expanded SEC Examination Program for Advisers
- Fiduciary Duty
- Market Rules Covering Individuals, Firms & Trading Markets
- MiFID Conduct-of-Business Rules
- Payment for Investment Research
- Regulatory Capture
- Systemic Risk
Asset Management Firm Issues