Show it to the central bank, and you’re free to lend The market is unsure of the potential effectiveness of Italy's long-awaited new direct lending regime for alternative investment funds (AIFs).
The new regulation has introduced the banking sector to personal liability for the first time. But more than half of those surveyed doubt it will prevent misconduct
Looks a lot like the EC’s retail concerns? Since the Alternative Investment Fund Managers Directive (AIFMD) was fully implemented in 2011 the intention has been to extend the passport scheme to non-EU fund managers.
