UCITS not shadow banking

Tue Nov 27, 2012




It is inappropriate to brand an international fund structure like UCITS with shadow banking, according to John Parkhouse from top accounting firm PWC.

In a debate about the shadow banking industry, PWC partner Parkhouse told the audience at the at the Association of the Luxembourg Fund Industry's European alternative investment funds conference there is a parallel - not a shadow banking system.

He said:...

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