Talks continue on AIFM directive


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 have b