"Radical" EU proposal worries custodians

Apr 11, 2010

Draft rules could make custodians liable for the assets of alternative investment fund managers and might also extend to Ucits-compliant products.

"Radical" EU proposal worries custodians

Global custodians fear they would be liable for clients' assets under the draft European directive for alternative investment fund managers (AIFMs) -- and that could have a radical impact on costs.

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