Kramer says this particular jurisdiction, in Europe, has gone further than the UK’s Retail Distribution Review, and he highlights the way in which fund houses and financial advisers have been forced to make significant changes to their remuneration models.
In the interview with International Adviser, Kramer also explains why the journey of MiFID II is facing a “big hot potato” of a challenge in the form of the European Securities and Markets Authority’s stance on “quality enhancements” for financial advisers.
