Against their will

Europe’s asset management industry is chiding Brussels bureaucrats for trying to bury it under a mountain of Basel-inspired regulation, which could boost costs and capital charges. Carola Schenk reports

paperwork130-gif
Across Europe, banks are in advanced preparations for the new European Union (EU) capital adequacy directive, Cad 3, which will come into force in 2006. But most of the region’s asset managers have yet to start to ready their risk management systems for the new regimen. Instead, the industry is engaged in a heated dialogue with the European Commission (EC) over Cad 3 and – unlike the banking sector – still hopes to garner major concessions from Brussels before the new rules come into force. It

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here