How Mifid II can become Mifid III

BNY Mellon subsidiary Pershing, which provides execution, settlement and custody services to customers including investment banks, broker-dealers, wealth managers, financial planners and advisers, has outlined a series of steps it sees necessary to successfully turn current Mifid II rules into future Mifid III rules. Positive boost to transparency from Mifid II, but data overload is a risk Matt Lonsdale (pictured right), relationship manager, says: "Investors now receive many more reports than they did before, as wealth managers have to provide investment performance and custody repor...