Wall Street Said Poised for SEC MiFID Reprieve

The transcript discusses the challenges US firms face in complying with MiFID, which conflicts with US SEC rules. The SEC is considering allowing violations of US rules to comply with MiFID. The global impact of MiFID is significant, affecting Wall Street and European investment funds. Goldman Sachs and other banks are adjusting their pricing strategies in response. The unbundling of services poses challenges for Wall Street, as investors may prefer separate providers for research and trade execution.

Discuss the potential impact of pricing changes on the research services provided by banks.

What does the term 'bundling of services' refer to in the context of Wall Street?