CFA UK interviewed 20 investment professionals involved either in writing or consuming company research and in product governance one year after the MiFID II directive came into effect. This paper explores the detailed findings. Most interviewees believe that the MiFID II reforms will eventually succeed in meeting most of their objectives. However, most also agreed the jury is still out and, as in all markets, there are hopes and fears for the longer-term future.
Members of the CFA UK MiFID II Working Group: Esther Akinwolemiwa, CFA, Aamir Ansari, CFA, Andy Burton (chair), Massimo Catucci, IMC, Nataliia Gaidarenko, Yonnie Kasigi and Pradeep Pratti, CFA.