How MiFID II Will Impact Asia

The video discusses the impact of new European regulations on the Asia Pacific financial markets, focusing on the unbundling of research and trading costs. It highlights how these changes benefit the buy side, with reduced costs and increased corporate access, while smaller brokers may face challenges. The video also covers the movement of analysts from the sell side to the buy side and independent investment houses, and notes significant industry changes, such as the hiring of Stephen Helmerich by the Commonwealth Bank of Australia.

What is the primary impact of the new European regulations on global portfolio managers in Asia?

• Higher brokerage fees

• More stringent compliance requirements

• Unbundling of research and trading costs

• Increased trading costs

Which company in Australia is mentioned as having a significant cost reduction due to the unbundling of costs?

• Commonwealth Bank of Australia

• AMP Capital

• UBS

• Colonial First State Global Asset Management

How are smaller asset managers benefiting from the new regulations?

• By reducing their workforce

• By gaining more direct corporate access

• By increasing their investment in technology

• By merging with larger firms

What trend is observed among analysts due to the regulatory changes?

• Moving from buy side to sell side

• Increasing their research fees

• Transitioning to independent investment houses

• Focusing more on technology sectors

Who is the former chief economist hired by the Commonwealth Bank of Australia?

• Michael Brown

• John Smith

• Stephen Helmerich

• Andrew Goodsall