This week has seen two announcements - one political across the Atlantic, one regulatory across the Channel - that will have a big impact on the investment industry, writes Mikkel Bates
One, in the US, was a huge surprise to many, while the other, in Brussels, had been widely predicted. It is the second one I will consider here. Let's look in more detail at the Commission's press release...
Paul Bruns and Elaine Parkes
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