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Shake-out feared over AIFMD reform proposals

Georgina Lee
Making custodians liable for asset losses would raise costs sharply, lead to consolidation and alter the way the industry operates, agree summit participants.
Shake-out feared over AIFMD reform proposals

Proposed reforms under the Alternative Investment Funds Management Directive that would see custodians held liable for asset losses could drive a wave of consolidation and alter the way the industry operates forever.

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