Report Warns Of MiFID II Revenue Drop For Investment Banks

Law360, London (December 7, 2017, 7:06 PM GMT) -- The impending overhaul of European Union securities laws will cause revenues at corporate and investment banks to fall by 2.6 percent a year, a report by a consultancy firm has revealed.

The new Markets in Financial Instruments Directive, known as MiFID II, "will have significant impact on approximately 20 per cent" of activities at corporate and investment banks, Coalition Development Ltd., the U.S-based industry analyst said on Wednesday.

Sectors that will be hit include equities, investment banking divisions, fund services, transaction banking and lending from all institutional...
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