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European advisers and wealth managers are still struggling to ensure investor suitability processes comply with MiFID II regulations, behavioural finance experts Oxford Risk warn.
Oxford Risk’s experience working with leading advisory firms across Europe enables it to identify best practice compliance with MiFID II regulations, and how many firms are risking potential issues with the regulator and clients by failing to follow this best practice. It has issued its warning following additional guidance by European regulator ESMA highlighting a need for improvements in how the legislation is currently being applied to investor suitability assessments, with a focus on what firms are overlooking.
Oxford Risk says it is seeing “a lot of confusion” from...
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