Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Shedding Light on the UCITS-MiFID Nexus and Potential Impact of MiFID on the Asset Management Sector. ECMI Policy Brief No. 11, April 2008

Casey, Jean-Pierre. (2008) Shedding Light on the UCITS-MiFID Nexus and Potential Impact of MiFID on the Asset Management Sector. ECMI Policy Brief No. 11, April 2008. [Policy Paper]

[img]
Preview
PDF
Download (203Kb) | Preview

    Abstract

    There remains considerable confusion as to how exactly the MiFID and UCITS directives will interact in the long run. This uncertainty reflects the growing pains of a regulatory transformation that represents no less than a tectonic shift from intense and prescriptive product regulation to a more flexible, principles-based regulation of management functions. Unlike UCITS, MiFID is a horizontal directive that cuts across the entire financial services industry (except for insurance). Precisely because the two directives are rooted in diverging regulatory philosophies, they are not natural partners, and the exercise of trying to fit the two together will likely be neither effortless nor seamless. This paper attempts to shed light on the complex interaction between UCITS and MiFID and gives some preliminary indications of how MiFID might impact on the asset management industry.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECMI Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 03 Oct 2009
    Page Range: p. 9
    Last Modified: 15 Feb 2011 18:16
    URI: http://aei.pitt.edu/id/eprint/11733

    Actions (login required)

    View Item

    Document Downloads