Over-regulation is hampering the global competitiveness of the European asset management sector. The EU needs a change of attitude.
After a period of strong growth, the European fund industry is faced with the task of adapting to changing market conditions through increasing pressure on margins and technical developments. However, over-regulation by the EU ties up enormous capacities, which asset managers could use more strategically. This hampers European asset managers in global competition.
BVI therefore emphatically advocates a fundamental change in the EU's regulatory approach. In addition to consumer protection and financial stability, EU legislators and supervisors must also take into account the global competitiveness of European asset managers.