Ethics and governance in the European Financial centers

Archives > 2009-06

06/30/2009

Letter to Commissioner McCreevy

I wrote yesterday an article to explain why it is not very probable that the light is made on the responsibility for the depositary within the framework of the EFAMA. I took again these arguments to send the following mail to Commissioner McCreevy:     Dear Mr McCreevy   Further to Niall Bohan’s answer on your behalf last 20 March 2009 (Cf. my query dated 13 February on "The UCITS Directive and its transposition in Luxembourg and Ireland in the context of the Madoff case"), I would like to share with you my views on the way the EFAMA is handling...

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06/29/2009

EFAMA is not aware of the stake in the truth on the depositary’s liability

Yesterday I wrote an article about the appointment of Claude Kremer from ALFI as Vice-President   of the European Fund and Asset Management Association (EFAMA) , which is not of good omen in my opinion for the investors’ protection, as this appointment may mean that EFAMA supports Luxembourg’s view on the depositary’s liability and definitely disregards demonstrated failures in the...

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06/28/2009

Luxembourg: the slow-witted EU jurisdiction in the fight against corruption (update)

TI has just published a report on the enforcement of the OECD Bribery Convention.   In the report it is stated page 7 that “ No TI reports were prepared for three countries,...

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06/28/2009

EFAMA: promotion of the lack of rigor against the investors’ interests

06/28/2009

The European governance model will be made from Luxembourg: the plan B after the LIGFI was stillborn?

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