EU directive misguided, says PwC
The publication of the EU's proposed Directive on Alternative Investment Fund Managers could risk forcing the alternative asset management industry into radical restructuring, PricewaterhouseCoopers has warned. ... key trade bodies in their criticism of the catch-all effect and unintended consequences it appears to have on sectors of business where no material systemic issues have been identified or which are already subject to perfectly adequate schemes of regulation. ...
Hedgeweek News - http://www.hedgeweek.com/CentreRight: Why these European elections matter
By Mark Field
Given that the Turner Report and even the EU Commission have concluded it is not a sector that presents a systemic risk to economic stability, it is hard not to see these proposals as a targeted attack on our national economic ... All the more reason to have in the European Parliament a vocal group of Conservative MEPs who are willing and able to make the case on our behalf and ensure that new regulations and directives in the financial services sphere put British ...
CentreRight - http://conservativehome.blogs.com/centreright/
Tuesday, 5 May 2009
Posted by Britannia Radio at 12:35