EU regs for consumer protection on funds need reviewing suggests Swedish NAO

The Swedish National Audit Office (Riksrevisionen) has suggested in a new report that more recent local regulations have strengthened consumer protection in the Swedish PPM funds market, but that improvements are needed to EU level regulations affecting the PPM system's overall ability to ensure such protection ongoing.  Tasked with reviewing government policy and execution, the NAO says that a statistical analysis of the financial sector overall points to an increase in problems being experienced at the consumer level over the past five years. This has occurred despite a significant inc...