Investors alarmed over EU reform process

European investors have sounded the alarm over the amount, speed and quality of financial regulation being undertaken, claiming that too little work had been done on assessing the impact of dozens of rules on such a crucial industry.
A slew of European regulation is being adopted without sufficient attention to how the new rules will all work together, according to the president of the European Fund and Asset Management Association.

By contrast, Michel Barnier, the European Union’s Internal Markets Commissioner, said he was worried that, as the financial crisis receded, the regulatory reform agenda could lose its urgency.

'We’re not yet at the middle of the road. We’ve made four important reforms: the new supervisory architecture, hedge funds, credit rating agencies and rules on remuneration,' he says.

ESO: Background information: Website: The external dimension of the Internal Market http://www.europeansources.info/record/website-the-external-dimension-of-the-internal-market/

ESO: Background information: European Commission Website: Asset management http://www.europeansources.info/record/website-banking-and-finance-investment-funds/

European Fund and Asset Management Association: Homepage http://www.efama.org/

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