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.
Crypto assets: EU’s MiCA law aims to end ‘wild west’
For Luxembourg’s crypto community, Thursday’s adoption of the MiCA regulation in the European Parliament reassures established financial players and offers an EU passportable licensing regime with no need for national transposition in member states. “It enables new ways of issuance and distribution of new types of assets,” said ABBL.
‘Divisive’ EU retail investor strategy set to ban kickbacks
The European Commission plans to stick to its plan to stop inducements for financial advisors, a proposal it recognises as “divisive” but one that is needed to build trust among investing consumers. “I think it’s good to grasp this nettle and to make change for the better,” said EU Commissioner Mairead McGuinness.