The EU Proposals for the Regulation of Alternative Investments

5 Pages Posted: 20 Oct 2012

See all articles by Laurence Copeland

Laurence Copeland

Cardiff University - Cardiff Business School

Date Written: October 2012

Abstract

The EU proposals for regulating so‐called alternative investment funds (AIFs) are intended to give investors more protection and to mitigate risks to the rest of the financial system, while further integrating markets inside the EU. Unfortunately, many of the provisions seem more likely to achieve the opposite of what is intended, reducing competition, reducing investor choice and increasing systemic risk. They also involve significant compliance costs. The proposals for regulating credit rating agencies seem unnecessary and are likely to be counterproductive. It would be far better to allow free competition by agencies of all kinds operating under a variety of different funding models.

Keywords: credit rating agencies, European Union, Alternative Investment Fund Management Directive

Suggested Citation

Copeland, Laurence S., The EU Proposals for the Regulation of Alternative Investments (October 2012). Economic Affairs, Vol. 32, Issue 3, pp. 32-36, 2012, Available at SSRN: https://ssrn.com/abstract=2163966 or http://dx.doi.org/10.1111/j.1468-0270.2012.02171.x

Laurence S. Copeland (Contact Author)

Cardiff University - Cardiff Business School ( email )

Aberconway Building
Colum Drive
Cardiff, CF10 3EU
United Kingdom
+44 29 20875740 (Phone)
+44 29 20874419 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
1
Abstract Views
435
PlumX Metrics