New regulations will result in a shift in power, according to RBC

Tue Nov 27, 2012

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New European financial regulations will result in depositaries playing a bigger role in the fund management process, according to Jean-Michel Loehr from RBC Investor Services.

Loehr told the Association of the Luxembourg Fund Industry alternative European conference that the Alternative Investment Fund Managers Directive and UCITS V will result in power shifting from the asset managers and from the prime brokers to the banks.

He said: "The intention of new legislation...

ISSN: 2151-1845 / CDC10004H

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