Why suitability remains the largest inherent risk

Gilly Green speaks to Citywire’s Wealth Manager about the disruption MiFID II could cause to suitability

Featured in an article by Selin Bucak in Citywire’s Wealth Manager, Catalyst’s Gilly Green is quoted agreeing that there is a danger that the implementation of MiFID II could cause disruption in relation to suitability.

“[The next review in] 2019 will be post-mifid, which looks at suitability end-to-end. It brings in the distribution and manufacturing elements. That in itself will cause a bit of a disruption in terms of the process.”

Gilly also voices her concern around the absence of a public body that informs clients of all the changes.

Read more here

Note: This news article was first published by Knadel Limited prior to the Catalyst-Sionic merger

About the author

Gilly Green

Managing partner

I’m proud to lead a team of industry-leading wealth management and private banking specialists, recognised for offering outstanding levels of service to our international client base