Carmignac's Medecin Says MiFID Is a Game Changer

The video discusses the anticipated changes in the industry, particularly affecting investment banks and asset managers. It highlights the potential cost implications and strategies for managing these costs, emphasizing the shared burden between clients and managers. The discussion also touches on future challenges for investment banks, suggesting a shift in business models and market concentration.

What is the primary focus of the anticipated changes in the industry?

• Technological advancements

• Changes in consumer behavior

• Repercussions for investment banks and cash equity business

• Impact on asset managers

How does the speaker suggest the costs of industry changes will be handled?

• Costs will be absorbed by the government

• Clients and managers will share the costs

• Costs will be eliminated through efficiency

• Only clients will bear the costs

What is a potential outcome for investment banks due to industry changes?

• Increased market share

• Stability in business models

• Shift in business models and concentration

• Expansion into new markets