The European Securities and Markets Authority (ESMA) is preparing to issue its opinion on the future of Europe-wide money market fund regulation to the European Commission (EC).
Speaking at the Irish Funds 5th Annual UK Symposium in London on Friday (10 November), Richard Stobo, head of investment management at the pan-European regulator said it was readying its recommendations to the EC, which would be based on an industry consultation held over the past year. Stobo said it would help form the EC's work to produce EU-wide legislation for money market funds, which are currently regulated at country level. EU regulators to probe retail costs and performance ESMA's opinion had taken into account market responses to its May 2017 consultation paper on the prod...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
