Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Study Reveals Hurdles for European Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 08, 2002

Study Reveals Hurdles for European Funds

by: InvestmentWires Staff, 

The Depository Trust & Clearing Corporation and Promethee, an independent, Paris-based think tank, have released the first comprehensive study of the major issues affecting the growth investment funds in Europe.

Titled "Bridging the Funds Divide," the study identifies some of the key issues impeding expansion of the European investment fund business and preventing investors from gaining the full benefits of a unified capital market. These include a lack of connectivity and standardization to streamline processing, as well as the absence of legal, regulatory and tax harmonization.

The study is based on research and interviews conducted by Promethee with a cross-section of European leaders, including investment managers, banks, fund distributors and various EU institutions, such as the European Commission and European securities regulators.

"We've sponsored this research because it's essential to find ways to help our customers who are increasingly global players in the investment fund business," said Jill M. Considine, chairman and ceo of DTCC. "We're already processing a significant volume of cross-border fund transactions, with more than half of it directed toward investment funds domiciled in Europe. However, our customers are telling us that a lack of connectivity, along with high operational costs and risk, are major barriers to further growth."

As a potential model, the study points to the highly successful co-operative mobile-telephone framework pioneered in Europe for which allows users to seamlessly connect from more than 170 countries. The Promethee study recommends industry-wide co-operation around common principles and "open architecture" to enhance investors' freedom of choice and improve distribution networks, while preserving competition in the European investment fund market.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use