EU Commissioner disregards AIFMD lobbying efforts

Michel Barnier, EU commissioner for internal market and services and member of the European People's Party, is reported to have said that industry lobbying efforts would not sway the policy targets of the AIFMD (Alternative Investment Fund Managers Directive).

The commission seems to have disregarded much of the advice from trade bodies such as ESMA (European Securities and Markets Authority) and EVCA (European Private Equity and Venture Capital Association). Barnier said that stricter financial regulation was necessary in crisis-ridden Europe, but did not distinguish between banks, hedge funds and other financial institutions.

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• Topics
• Regulation
• EU Commission
• AIFM Directive