Chief executive of the Financial Conduct Authority (FCA) Andrew Bailey has expressed he is "concerned" about the new PRIIPS legislation, highlighting literature requirements "are not providing useful context" while there is evidence it is causing US funds to withdraw from Europe.
In a speech delivered at the London Business School's Annual Asset Management Conference, Bailey warned there was evidence the Packaged Retail and Insurance-based Investment Products (PRIIPS) regulation,...
Latest edition of the print magazine online
Latest news and analysis
Industry Voice: How should bond investors approach markets such as Turkey and Argentina?
MSCI and Hermes research
Burton Malkiel: I believe in indexing even more strongly now than when I wrote 'A Random Walk Down Wall Street'
Best approach even in inefficient markets