MiFID II: Value-Generation for Investors
Discipline: Regulation, Operational Risk
Which products or solutions justify the fees? This is the question that has been dominating the investment-management agenda since the global financial crisis, and one that sits at the heart of Paolo Sironi and Maurizio Ravezzi's MiFID II: Value-generation for Investors. In the face of new regulatory changes and the rise of fintech the industry is on the verge of a sea change in financial advice. The onus is now firmly on financial institutions to not only adapt to the transformation but to stay relevant and profitable at a time of unprecedented change. With this new book Paolo Sironi and Maurizio Ravezzi provide a roadmap for the reader, showing how best to adapt to this financial revolution. They lay out a new model which places the goals and preferences of investors at the centre of the value-generation mechanism as the origin (on-boarding) and the final destination (in-boarding) of advice.