Top of Today’s Agenda
Find out what’s been making asset management headlines and look at the issues affecting the industry on a global scale. Ranging from regulatory changes like MiFID II to the challenges associated with AI, we bring you news on all the hot topics – including updates on the Brexit.
Brexit Relocation, Relocation, Relocation
Where will the leading financial centre shift to? Now that businesses are eyeing up EU cities as their new base of operations, The Independent ranks the top subsidiary spots to rival London, which includes Frankfurt, Luxembourg, Paris, Hamburg and Dublin.
No Deal Means Low Stocks
Without a Brexit deal in place and trade tensions continuing between the US and China, UK stocks went into a decline last week. RTT News announced that as of Monday 30th July, the FTSE 100 was down 17 points (0.22%). But will this “modest” fall continue to impact the UK market?
Zero-Cost Tracker Funds Launch Controversy
On Wednesday 1st August, a zero-expense ratio and no minimum investment was put into play by Boston firm, Fidelity. The Economist covered this dramatic launch, which reverberated throughout the industry due to the challenges it poses to competitors and their business models.
Assets Set to Be Digitally Decentralised
Melonport aims to “tokenise” assets, such as stocks and bonds, whereby creating a new digital asset class. Swiss Info.ch reports that by 2019, the Blockchain start-up intends to build and launch their new digital platform, which will include decentralised access to increase the efficiency of how asset and fund managers go about their business.
MiFID II Compliance to Be Reviewed by the FCA
After investment managers adjusted their best practice to fund their own research, soon they will be subject to scrutiny by the Financial Conduct Authority (FCA). Mondaq explains why firms should prepare for MiFID II compliance reviews.
Tips to Ensure New AI Systems Support You
Advanced tech is both popular and overwhelming for financial enterprises, which may explain why the race to upgrade has somewhat slowed in pace. Get the latest data on the subject, with advice from those in-the-know at Born 2 Invest.