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Europe Daily Bulletin No. 10239

20 October 2010
Contents Publication in full By article 11 / 27
GENERAL NEWS / (eu) eu/finacial services
Political agreement on AIFM directive

Luxembourg, 19/10/2010 (Agence Europe) - “We have a unanimous agreement” on the draft directive on alternative fund managers, said a delighted Belgian Finance Minister Didier Reynders after the ECOFIN Council on Tuesday 19 October. “This is a very important step,” insofar as this industry, which some days accounts for almost half of al financial transactions, will, for the first time, be subject to European legislation, European Internal Market Commissioner Michel Barnier added....

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