Politics & Regulation

Luxembourg association responds to regulatory initiatives


Poorly executed regulation would harm investors, Marc Saluzzi, chairman of Association of the Luxembourg Fund Industry, has warned in a statement.

ALFI set out its response to key regulatory changes that will impact the fund management industry at its spring conference last week.

Marc Saluzzi (pictured), 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.
Marc Saluzzi UCITS
“Our central belief is that funds are good for society,” Mr Saluzzi