As stated in a recent survey by Greenwich Associates it appears that major Asset Managers will implement MiFID2 even if it is not mandatory in their country. Brokers too have the same approach. This position could be explained by the cost of implementation of various reporting tools in different regions that seems by far to expensive and complicated. Once again it shows that the impacts of MiFID2 are clearly underestimated. MiFID2 will change the landscape and relations between Corporates/Brokers and Asset Managers deeply in the coming months.