The Association of the Luxembourg Fund Industry (ALFI) has criticised EU plans that would see the European Securities and Markets Authority's (ESMA) powers expanded, enabling it to continue to regulate UK asset managers after Brexit and add "an extra layer of regulation".
The initial proposals, which form part of a European Commission review aiming to strengthen European supervisory authorities (ESAs), would also reduce the influence of national regulators and see ESMA...
'Following the letter, but not the spirit, of the rules'
Tech giant still stands out
Reduces chances of rate hike
Designed to park short-term cash