Sector · Regulation · Funds

Brussels launches crackdown on costs of investment funds

EU Commission Vice President Valdis Dombrovskis and EU Financial Services Commissioner Mairead McGuinness announcing the retail investor package. Photo: European Commission.

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.

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