Corporate access Archive

Jul 19, 2019
AMF to address Mifid II impact on small caps
French market securities regulator the Autorité des marchés financiers (AMF) is looking at how to improve coverage of small and mid-cap listed companies in France as part of a study on the impact of Mifid II on research. The AMF’s investigation will be led by Jacqueline Eli-Namer, an AMF board member, and Thierry Giami, president of the French Society of Financial Analysts, and will ‘explore concrete ways of mobilizing the marketplace and thus improving the si...
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Jul 09, 2019
T Rowe Price commits to using banks for corporate access
US asset manager T Rowe Price has dispelled reports that it is to bypass Wall Street banks on corporate access. The Wall Street Journal had reported that T Rowe Price and a number of asset managers were organizing private conferences as a way to bypass banks to gain access to management of companies, indicating a possible new trend – especially as Mifid II begins to take a tighter hold in the US. The move would put at risk millions of dollars in fe...
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Jun 25, 2019
NIRI 2019: How IR data is becoming more actionable
IR teams are ‘at an inflection point in terms of behavioral tendencies,’ according to Dan Romito, global head of investor analytics at Nasdaq. Speaking to IR Magazine at the NIRI national conference in Phoenix earlier this month, Romito referenced Nasdaq’s analysis of 400,000 investor interactions, which finds that two thirds of int...
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Jun 11, 2019
Senior management and IR: Take it from the top
Investors always want face time with management. And how company executives approach IR has long been a topic of research for IR Magazine, examining the number of days dedicated to the program each year, what percentage of one-on-one meetings senior management attends and which member of the C-suite IR reports to – as well as doling out trophies to those senior management teams the investment community most appreciates each year. Globally, senior manageme...
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Jun 11, 2019
Costa del IR: Inside Spanish investor relations
The Spanish capital markets are relatively young – the Comisión Nacional del Mercado de Valores, Spain’s version of the SEC, was created as recently as 1989 – and the pool of public companies that make up the Iberian IR community isn’t large: at time of writing there are 167 companies listed on the Bolsa Madrid. Of this number, Javier Rodríguez-Vega, managing director of the Spanish IR association Aeri, says his feeling is that only around half of those ‘really...
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Jun 07, 2019
UK think tank warns of ‘unintended consequences’ of Mifid II
UK free-market think tank the Institute of Economic Affairs (IEA) has issued a report criticizing what it calls Mifid II’s ‘unintended consequences’. The report, written by IEA senior economist Catherine McBride, states: ‘One year on, many practitioners’ initial fears about Mifid II appear to have been realized, especially with regard to unbundled research causing a reduction in the amount of research available on smaller companies. ‘While regulat...
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Jun 03, 2019
Planned and forced CEO exits increase, study finds
The turnover rate for CEOs rose globally last year, driven by increases in both planned and forced exits – notably for ethical problems – according to new research by Strategy&​, PwC’s strategy consulting business. In total, 17.5 percent of CEOs at the world’s largest 2,500 companies stepped down in 2018, up from 14.5 percent the year before and a re...
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May 31, 2019
Mifid II: Market liquidity becomes an issue
The latest trend emanating from the introduction of Mifid II is that sourcing liquidity in Europe’s equity markets is a harder job for the buy side, according to a new report from Connecticut-based consultancy Greenwich Associates. A review of the European equities market under the regulation introduced at the start of 2018 finds that 44 percent of buy-side traders believe equity liquidity has become harder to source since the implementation of Mifid II, while 16 ...
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May 30, 2019
What makes IR in Asia unique?
The amount of resources a firm allocates to IR demonstrates how important the IR function is to that company; using that yardstick, Asia appears to be lacking in IR commitment. In its latest analysis, IR Magazine’s 2018 IR Resources report reveals the average Asian IR budget was $203,000 in 2018 – compared with $527,000 in North America and $466,0...
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