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May 2014 - MPI CSA broker commission survey is now open follow link to participate

February 2014 - MPI article on COREP/FINREP in ICAEW FS Focus
John Cant wrote an article on the challenges still facing firms implementing FINREP/COREP that was published in the February edition of the ICAEW FS Focus.

January 2014 - MPI quoted in Ignites article on Deutsche radical systems replacement (login required)
John Cant, MPI MD, quoted in an article in Ignites Europe (an FT publication for Asset Management) on the ambitious proposal by Deutsche Wealth and Asset Management arm to replace all their legacy applications with a single system in a single step.

November 2013 - Significant effort still required to complete COREP and FINREP says MPI survey
The results of our survey conducted into firm’s preparation for the Capital Requirements Directive (CRD IV) incorporating COREP and FINREP which will come into effect on 1 January 2014.

Our research highlighted a widely held concern about the level of effort still required to achieve compliance. Firms are feeling the pressure of the deadline which will radically increase the granularity and format of data that they need to source, analyse and report.
One specific challenge was the required XBRL reporting format. 75% of respondents had not tried to produce and validate test XBRL instance documents at the time of the survey. This was despite the importance of XBRL being identified as a ‘critical’ factor by firms in the choice of a reporting solution.

Click on the following link - More >>

October 2013 - MPI published Commission Management survey
We have again launched our popular broker commission management survey to look at the state of commission sharing agreements between brokers and investment firms in 2013. Many thanks to the record number of people who participated in this survey.

January 2013 - New City contact number  
As part of our continuing strategy to improve and simplify the process of getting in touch with MPI, we have introduced a new contact number for the MPI London City office ( +44 (0) 20 3289 4506 ) which will go through direct to the MPI office during working hours. For more details on all ways to contact MPI go to -   More >>

September 2012 - MPI MD press coverage on Market Abuse
MPI Managing Director, John Cant, was quoted in article in Ignites Europe, an FT publication, on data safety and theft in the asset management industry. He highlighted the multiple and evolving threats and our experience that combating these threats takes a combination of good technology and process that needs to be applied consistently.

July 2012 - 2012 Commission Management Survey launched
MPI Europe is again conducting their annual research into the trends for Commission Sharing Agreements to better understand the evolving market structure and business models in this area. All the data provided by respondents will be kept secure and will not be distributed to any other parties other than as part of a highly summarised version, where individual responses cannot be identified. All respondents will receive a copy of these summary survey results as a mark of our appreciation of your time and effort in completing the survey.

We expect the survey will only to take a few minutes to complete and we value your input. Here is a link to the survey.

June 2012 - MPI Highlights RDR challenges
This wide ranging UK FSA regulation impacts firms who provide personalised advice for retail investment products. MPI has experience of assisting firms with the implementation of RDR from both a business process and technology standpoint.

February 2012 - MPI MD press coverage on Market Abuse
MPI Managing Director, John Cant, was quoted in Ignites Europe, an FT publication, in an article on detecting market abuse for asset managers, drawing on our project experience and also our market abuse survey.

January 2012 - Office Move Completed
MPI has moved their implementation and support office to new premises in Odiham, Hampshire. “This provides an excellent springboard for our continued expansion” said John Cant, Managing Director of MPI Europe. “We have seen increasing demand for our consulting services from both existing and new clients, despite challenging market conditions.”

This new location has advantages over and above the additional space the new offices provide, including better broadband, networking and telecommunications provision, plus a historic location in the centre of Odiham’s Georgian high street. The move was successfully completed over the Christmas period, with the new office being fully operational for the start of 2012.

September 2011 - 2011 Commission Management Survey results published
The results of the MPI Europe survey of directors and staff in financial institutions on the usage and trends in commission management in 2011 have been published today. Following an even greater response than the previous year, with more than 50 firms contributing, the overall view was that growth of Commission Sharing Agreements (CSA) continues to accelerate and they now are taking on a more strategic, global role. CSAs continue to fulfil a clear market function and their efficient management by firms contributes to the overall effectiveness of their investment process.

July 2011 - 2011 Commission Management Survey launched
MPI Europe is conducting research into the trends for Commission Sharing Agreements to better understand the evolving market structure and business models in this area. We're also interested in how businesses are planning to adapt their commission management processes in respect of those changes.

As part of this we are running a further annual survey. All the data provided by respondents will be kept secure and will not be distributed to any other parties other than as part of a highly summarised version, where individual responses cannot be identified. All respondents will receive a copy of these summary survey results as a mark of our appreciation of your time and effort in completing the survey. In the wider context we also expect this survey data to generate industry discussion and debate, and lead to a better market understanding of possible commission management solutions.

There are just over ten questions and we expect the survey will only to take a few minutes to complete and we value your input. Here is a link to the survey.

May 2011 - New blog postings
New blog postings on FSA/RDR UK regulations and continued merger activity for exchanges.  

February 2011 - The growing role and importance of High Frequency Trading
At MPI we have looked at the role of High Frequency Trading and its importance to capital markets in the past. This article looks in more depth at some recent developments and research.

January 2011 - MPI Blog launched
MPI MD John Cant has launched a new blog to complement the monthly MPI financial sector Bulletin.

November 2010 - FSA criticised over manager mobile phone taping
MPI MD John Cant quoted in this article in Ignites Europe (an FT service) by David Ricketts referencing our Market Abuse survey results and the need to tackle improvements across people, culture and technology rather than regulation alone.

April 2010 - Survey says people and technology rather than regulation key to tackle insider trading
MPI has published the results of our industry wide market abuse survey, which highlights improvements in people, culture and technology rather than regulation as being the way to tackle market abuse/insider trading. For more details, get in contact with us.

March 2010 - MPI poll puts “surviving tougher regulator scrutiny” as top compliance issue for 2010
A poll by financial sector consultancy MPI Europe run on LinkedIn found that among respondents the top compliance concern was surviving tougher regulatory scrutiny just ahead of addressing new regulations. When looking at the results split by company size, it was the large companies that had the greatest concern about survival and regulator attention, perhaps indicating that they were not confident that the principle of “too big to fail” was an effective defence. The results make it clear that respondents see 2010 as a year of addressing challenging, new regulation being implemented by tougher regulators even before more global changes such as updated Basel rules with their longer lead times become reality, probably during 2011.

February 2010 - Retail Banking just got fashionable ... again
As noted in the January MPI FS Bulletin, Richard Branson wanted a banking license for Christmas, but shrewd business man that he is, he waited till the January sales before snapping up small UK based bank Church House to facilitate his entry into banking proper. MPIE can help with Liquidity Risk projects His existing Virgin Money business has to date been a joint venture with a high street bank; an easier way of entering the market, but this arrangement does rather cramp his style. Branson is not alone in seeing an attraction in retail banking. Invesco and M&G have made a £95M investment in a new entrant banking venture, Walton & Co, being set up by ex-analyst Sandy Chen. There is also the Home and Savings Bank backed by private equity firm Blackstone. These ventures are very different animals, but it does look like retail banking has become fashionable again and I think there are some key reasons why this is happening, as set out below:

  • Divestments and breakups: As discussed in previous bulletins, major UK banks RBS and Lloyds are being forced to sell off branches and telebanking services, plus there is the break up of Northern Rock into a “good” and a “bad” bank. So the previously tough job of setting up a significant branch network and infrastructure – a traditional barrier to entry - just got easier.
  • Public sentiment: In the recent past, once retail clients have joined a bank they have stuck with it. However, given the anger at traditional banks this may be changing. (Virgin Bank chief Jayne-Anne Gadhia, told the BBC: "We want to live up to Virgin's ethos of making sure people aren't ripped off, that they know what they're paying for with no hidden charges and I think that's really important.")
  • Technology: Even a bank with a small branch network using the web/mobile can give you the reach of a national bank with less cost and yet (if done correctly) be more attractive to your potential customers
  • Risk: Given the strong recent messages that deposit taking banks will not be allowed to fail, retail banks are now lower risk and more credit worthy … hence a better investment for either entrepreneurs or investment managers?
So we asked "Will you be changing your bank account to one of these new entrants?" It looks like it will be an interesting year for high street banks and new entrants alike. Well more news this month has reconfirmed that there are a number of players that are seriously keen that you should move your account with the reporting of the granting of a banking license for Metro Bank and the start of the sale of RBS branches.

January 2010 - MPI Europe and Fernbach announce "Practical Liquidity Risk Solutions" Breakfast Briefing on 27th January
This briefing looked at practical solutions to address the UK FSA Liquidity Risk requirements based on our experience in the market to date. To simplify the solution for firms of this new regime - due to be implemented initially for sterling banks in June - Fernbach and MPI have devised a Liquidity Risk Appliance which takes the leading liquidity risk software from Fernbach, running on the latest Intel based hardware, combined with an implementation approach from MPI

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