Supporters of the draft Alternative Investment Fund Managers (AIFM) directive need to start planning now to deal with the impact on national regulators.
“The FSA is frank that it wouldn’t know what to do with all the information it would receive,” said Louise Forrester, consultant at Gide Loyrette Nouel in London. “The FSA has experience of regulating hedge funds, so what would regulators that don’t have the same experience of the...