Kaufman Says Research Objectivity Must Be Protected

The video discusses the anticipated regulatory changes in Europe and their implications for both the sell side and buy side of investment banking. It highlights the challenges of maintaining independent research and the importance of protecting objectivity to preserve research value. The discussion also covers the potential impact of unbundling research costs on the quality of research and the diminishing role of researchers due to increased automatic trading.

What challenges do researchers face in maintaining independence?

How is automatic trading affecting the role of researchers in the securities market?