Non-equity financial markets used to be ‘hidden’ in Europe, in the sense that relative to their size, they traditionally received less attention from ordinary investors and the media than equity markets. This phenomenon was accentuated by the fact that the Financial Services Action Plan was...

After the adoption of the EU pension funds directive, the regulatory framework for asset management in the EU is complete. The single licence and home country control will now be applicable across the board for the different lines of asset management business. However, considering that asset...