Reform of Ucits rules in Europe would allow more sales of direct lending and other credit products to Asia investors. The call for change comes as the European Commission implements a €315bn loan stimulus plan.
The ex-president of the European Commission has told a conference in Hong Kong that major structural reforms have put the EU on the path to growth. He also warned of the threat posed by extremist parties.
European Commissioner Tilman Lueder points to better communication between the European regulator and Hong Kong's securities watchdog over fund supervision.
New guidelines around structured exchange-traded funds in Europe could help swaps-based products win broader acceptance.
Although costs to fund managers are certain to rise in some parts of the Ucits world, the European Commission’s consultation could lead to a regime more acceptable to Asian regulators.
Nadia Calviño of the European Commission explains that new rules in alternative investments will be applied to Ucits funds as well.