FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

City brokers facing ‘existential crisis’ say Mansion House Reforms come too late

The UK government is unwinding EU regulation that has hit City brokers hard. But bosses say it won't make a difference

By Paul Clarke
'The reversal of MiFID proposals is just a distraction'
'The reversal of MiFID proposals is just a distraction' Photo: Richard Baker/Getty Images

For more on investment banking, sign up to FN's newsletter here

City brokers have dismissed the UK government’s proposals to ‘rebundle’ research, saying the industry has already adapted to sweeping European regulation and that many are facing an "existential crisis" amid a long-running UK listings drought.

WSJ Logo
GQG Launches Buyback After Stock Tumbles on Adani Probe

GQG Launches Buyback After Stock Tumbles on Adani Probe

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade