Brussels, 03/07/2013 (Agence Europe) - On Wednesday 3 July, the European Parliament rejected by a slim majority (341 to 348 with 6 abstentions) the cap on bonuses for asset management (unit trusts) that an EP committee decided to introduce in March.
Sven Giegold (Greens/EFA), rapporteur for the EP on this issue, said after the vote: “Today is a black day for investor protection in Europe”. He was unhappy that MEPs had rejected the bonus cap for fund managers, which would have restricted...