Time for a risk-based approach to UCITS

Jean Pierre Casey

ECMI Papers from Centre for European Policy Studies

Abstract: Jean-Pierre Casey argues that UCITS ought to move to a risk-based approach as opposed to relying on the product approach. Casey concludes that both the product approach, which necessitates defining eligible assets – a laborious exercise – and the investment restrictions which form the other cornerstone of investor protection in UCITS, are outdated and out of sync with the lessons of modern portfolio theory.

Pages: 2 pages
Date: 2006-10
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Persistent link: https://EconPapers.repec.org/RePEc:eps:ecmiwp:1278

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