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.

In what ways can costs be absorbed or passed on according to the discussion?

What does the speaker mean by 'which pocket you're taking the money'?