Financial News asked the heads of trading at buyside firms what impact impending regulation will have on their business: 1. Which two regulatory changes to the sellside model will most impact the way you trade and/or your relationship with investment banks/brokers? 2. Do regulatory changes to how investment banks and brokers operate – including the US Volcker Rule – go far enough, and if not, what more should be done?

• Rob McGrath, global head of dealing, Schroders