The global adoption of Legal Entity Identifiers (LEIs) could save investment banks more than $150 million and their banking colleagues up to $500 million in the issuance of letters of credit, according to a new white paper report that management consultancy McKinsey & Co. produced on behalf of the Global Legal Entity Identifier Foundation (GLEIF)…. Read More >>
Research Analysts Could Be Casualties of Unbundling
As MiFID II draws closer, there has been a spate of reports predicting the dire consequences of unbundling on Europe’s investment banks. The separation of research from execution is expected to lead to hundreds of job losses for research analysts as banks restructure their operating models, according to a new report from consultancy McKinsey. The… Read More >>
