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Transcripts For BBCNEWS Business Briefing 20180103

Of new rules. To make our Banking System more robust, one of the most significant changes takes effect across the eu today. With the unweildy name of mifid two, it aims to protect investors, giving them better value for money and make europes Financial Services industry more competitive. One of the biggest changes relates to the Research Investors use to decide which shares to buy and sell. It will now have to be charged separately rather than bundled with other Financial Services. To improve transparency, any party engaged in financial trades must now have a unique number known as a legal entity identifier. 368,000 of these were issued between october and december. But it will be expensive the industry is believed to be spending more than 2 billion impl ....

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