Regulatory fatigue may result in the next UCITS Directive being the last, according to Tilman Lueder, the head of asset management at the European Commission.
UCITS V should tackle all the outstanding issues that have recently arisen within the directive, Lueder (pictured) told the Financial Services Authority’s asset management conference in London earlier this week.
He said: “There is an element of over regulation. Many people in the asset management industry are experiencing regulatory fatigue and we should maybe take a break [from introduce new ones]. We are aware of this and things have to