Bloomberg Falling research prices under MiFID II are leaving asset managers with a problem: the risk of being accused of taking inducements for cheap analysis. The European Union’s regulatory overhaul will force buyside firms to justify the price they pay for analysis once its cost is unbundled from other services such as trading commissions. With banks in the midst of ...

Bloomberg With a blanket ban on initial coin offerings, China has sidestepped an issue plaguing regulators worldwide: are such tokens securities? A cross between crowdfunding and an initial public offering, ICOs—which have raised at least $1.25 billion globally so far —are the sale of tokens based on the blockchain, the technology underlying bitcoin. While they at least ostensibly promise the ...

Bloomberg A record rally in the offshore yuan is rekindling hope for the Dim Sum bond market. With China’s currency defying North Korea tensions to be Asia’s top performer over the past month, that bodes well for yuan-denominated debt sold in Hong Kong, according to BOC International Holdings Ltd. The Dim Sum market has been under pressure since 2015, when ...