Why the EU wants to watch investment funds more closely – and where Irish resistance is headed
As momentum gathers in Europe to help savings and investments flow more freely – and profitably – across the EU, a thorny question arises for Ireland as it prepares to hold the EU presidency in the second half of this year: How to monitor risks and police behaviour across an increasingly integrated investment funds industry? Lobbying is now intensifying for the Irish Government to accept a middle-ground solution between keeping the supervision of Ireland’s outsized financial services sector in the country and surrendering it to European powers. The Savings and Investments Union (SIU) is Brussels jargon for the component of…
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