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At its Spring Conference 2012, ALFI set out its response to key regulatory changes that will impact the fund management industry. Marc Saluzzi, chairman of ALFI, acknowledged the need for better regulation in the wake of the financial crisis, but also warned that excessive and poorly targeted and executed regulation would harm the funds industry and its customers. Our central belief is that funds are good for society, said Mr Saluzzi. We believe that regulated products are the solution for investors around the globe. There is no point penalising funds with rules that will not achieve the objective of enhancing investor protection. Our aim is to remind regulators and politicians that UCITS funds are extremely well-regulated already. They were not part of the problem...
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