Regulation has not kept pace with innovation in the fund management industry
The Ucits directive fails to make adequate allowances for the operational consequences of financial innovation. Non-financial risk has increased and regulations contributed to this rise.
Recent research carried out by Edhec-Risk Institute has examined the question of non-financial risks in the hedge fund and traditional fund management industry.
The Ucits directive fails to make adequate allowances for the operational consequences of financial innovation.
Investment funds have diversified internationally, made growing use of derivatives and other sophisticated strategies and evolved in other ways. EU regulators (eligible assets directive) and EU recommendations (recommendation on
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