How it would work: the directive in detail

“It is hard to find a kind word to say about a directive so disproportionate in scope, so protectionist in its effect and so poorly drafted.”

This is how Sir James Sassoon, a former investment banker and an adviser to the Conservative party, described the proposed European directive on alternative investment fund managers last week.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions