Indemnity plan could cost €28bn

Europe’s asset management industry faces a bill of as much as €28bn to fund a continent-wide investor compensation scheme proposed by the European Commission in July 2010, according to McKinsey, the consultancy.

ESO: Background Information: EU to step up compensation for fraud cases http://www.europeansources.info/record/eu-to-step-up-compensation-for-fraud-cases/

Website: Investment Management Association http://www.investmentfunds.org.uk/

Website: Irish Funds Industry Association http://www.irishfunds.ie/

European Fund and Asset Management Association: Homepage http://www.efama.org/

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