“Although the EU’s actions have enabled the establishment of a single market for investment funds, they have not yet produced the expected results” concluded the European Court of Auditors in its special report on investment funds, published on Monday 21 February.
“We did progress with the creation of the single market, but the benefits for investors have not been seen. We should work on legislation to move these projects forward”, suggested Rimantas Šadžius, former Lithuanian...