Talks continue on AIFM directive

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The European Parliament and Council Presidency have been unable to agree on the final text of the Alternative Investment Fund Managers (AIFM) directive. The Economic and Monetary Affairs Committee cancelled a press release scheduled for this afternoon after each side failed to reach an agreement. A committee spokesman said negotiations would continue tomorrow in a bid to resolve the outstanding issues surrounding the controversial directive. He added: "Negotiations are continuing and they hav