Client money can significantly impact revenues
Bank capital rules are making it more expensive for banks to hold client money on deposit, directly impacting the returns they can offer
Bank capital rules constrain returns on client money
The regulator allows for an attractive alternative to banks
Qualifying Money Market Funds (QMMF) don't have the same capital constraints that banks have on client money, allowing them to return a more attractive rate of interest
Under the MIFID II client money rules, firms can retain all or part of the interest earned on client money
REASONS WHY YOU SHOULD CARE
