EU regulations bring standardisation yet 'high level of complexity' may defeat purpose: study

Investors across the EU support the principle of standardising investor information but believe the myriad regulations and directives "fall short" of harmonisation, creating a high level of complexity that may defeat the intended purpose, according to a new study from the CFA Institute. The report found that 69% of CFA charterholders who responded agree that the European Securities and Markets Authority (ESMA) should be granted more powers to oversee the cross-distribution of investment products across the EU, while 51% believe that since the introduction of MiFID II, greater care is giv...