Brussels launches crackdown on costs of investment funds
When the long wait for the retail investment strategy finally ended on Wednesday at a European Commission press conference in Brussels, Commissioner Mairead McGuinness gave the financial industry three years to hit her targets for transparency, costs and retail investor participation, or an outright ban on kickbacks will be back on the table.
EU relaxes financial market rules to support recovery
The European Commission will relax a number of financial market rules to enable stock exchanges to play a greater role in the recovery from the coronavirus crisis.