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And Another Thing...

in Opinion, Profit & Loss

And Another Thing...

Regular readers know I am concerned that MiFID II will – in the area of best execution – do little or no good, rather it will turn TCA in particular, into something it should never be, a box-ticking exercise. It is a sad aspect of life in the compliance bowl in which we all now live, that box-ticking is so often the path of least resistance to a quiet life, but does it improve things? I doubt very much it does.

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