Madariaga - College of Europe Foundation

Madariaga Report - 12 November, 2009

The Alternative Investment Fund Managers (AIFM) Directive is expected to complete the new European finance regulation architecture by covering the areas neglected by the new authorities, such as hedge funds, private equity funds and alternative investments funds. Notwithstanding, the financial industry is raising several objections including the insignificant role of alternative funds to the genesis of the crisis. Will Europe be able to bring under control the financial hypertrophy of the last decades by overcoming the persistently diverging national preferences, or will the directive just result in a loss of competitiveness for the European financial sector and in the flight of funds? To answer these questions, Elisa Ferreira, MEP (S&D), and Michael Vernocke, Head of European Affairs of the City Office in Brussels, give their views at a debate moderated by Pierre Defraigne, Executive Director of the Madariaga - College of Europe Foundation.

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