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Shake-out feared over AIFMD reform proposals

Making custodians liable for asset losses would raise costs sharply, lead to consolidation and alter the way the industry operates, agree summit participants.
Shake-out feared over AIFMD reform proposals

Proposed reforms under the Alternative Investment Funds Management Directive that would see custodians held liable for asset losses could drive a wave of consolidation and alter the way the industry operates forever.

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