|
By Peter de Proft, Director General EFAMA
Last year we saw frantic activity in European investment management regulation and this year promises more. 2013 will be the last full year for this European Parliament and the Commission, during which they will try to push through all the key initiatives. As an industry we must remember that these regulatory changes have been made to strengthen global economies and in light of this we must embrace them and adapt as an industry. Never have the people working in investment management had so much regulation on their hands. UCITS IV has just been implemented, UCITS V is under negotiations at the European Parliament and the Council of Ministers and at the same time the Commission is already preparing for UCITS VI. The...
|