MiFID II: Retrocession fees slump 13% in Spain in 2018

On the 05.21.19 at 7:23AM


Adrien Paredes-Vanheule

Spanish managers' retrocession fees amounted to €1.33bn last year.

Spanish financial watchdog CNMV has revealed local asset managers have together posted a net profit of €803m in 2018, a figure up 46% year-on-year while MiFID II entered into force.

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