Proposals on money markets, Ucits V raise worries

Nov 4, 2012

Certain EU and Iosco proposals need work, says industry body ICI Global, which has just opened an Asia-Pacific chapter and welcomed its first Chinese fund house as a member.

Proposals on money markets, Ucits V raise worries

Money-market fund recommendations proposed by the International Organization of Securities Commissions (Iosco) last month would be “catastrophic” for the industry, says ICI Global.

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