concerns that choice of product providers may be increasingly influenced by the strength of their balance sheets aPPEAR TO BE RECEDING
Concerns that Basel II proposals and related EU capital adequacy requirements may lead to intermediaries' choice of product provider being increasingly influenced by balance sheet strength appear to be receding. The IMA is confident that the European Commission's inclusion of a waiver for fund management groups this July in its Capital Adequacy Directive III (CAD III) will pass through the consultation phase in the fourth quarter. Fund managers were exempt from the EU's Basel II regulations, which require amounts of capital based on companies' income be held on their balance sheets to of...
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