The vast majority of buy-side firms feel that institutional investors have had no meaningful influence on the legislative process building up to new MiFID II rules, according to a Greenwich Associates survey.
Since when did regulators give a stuff about investors? They have a great capacity to talk to everyone but listen to none in their consultations. We therefore will always get regulatory changes that might satisfy the few at the exepense of the many. Dont
they know that we need a strong fair market that enables capital growth and the provision of pensions and employment. They always appear to me like pinitiky football referees stoping the game with a indulgeance to the rule book but leaving the game bereft
of enjoyment and a unsatisfied crowd. Oh what can you do?
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