[ R E S E A R C H
|
U N B U N D L I N G ]
“We have become used to
MiFID II rules and we don’t feel
that additional rules will help.”
PATRICK SIMION, HEAD OF PUBLIC AFFAIRS,
BNP PARIBAS ASSET MANAGEMENT
to bed down.”
Simion at BNP Paribas adds that
the industry has seen a “significant
decrease” in research budgets,
achieved by closer monitoring
of research consumption and
internalisation. BNP Paribas
Asset Management is maintaining
“high levels” of budget for small
and mid-cap research, while also
relying on internal analytical
capacity, according to Simion.
Small and mid-cap research
The assumption that small- and
mid-cap coverage has suffered
as result of MiFID II is open to
debate. A trend of worsening
44 // TheTRADE // Spring 2020