FCA’s Bailey Says Regulators Eager to Solve MiFID Research Snag - Bloomberg:
"Regulators are working to find a solution for asset managers and banks that will be stuck between U.S. and European Union rule books when MiFID II takes effect in January, Andrew Bailey, the U.K. Financial Conduct Authority’s chief executive officer, said in a Bloomberg TV interview.
Bailey said FCA representatives attended a meeting with the 40 biggest asset managers and banks that was aimed at seeking clarity on the financial markets overhaul.
The meeting “was really about one particular issue, and it’s about research,” the 58-year-old Bailey said."
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