IMA blasts EU: Investment management is not investment banking

According to Jenkins, some politicians may be confusing one part of the financial services industry with another and says it is "curious" how European politicians have targeted the investment management industry to roll-out a raft of regulations in response to the banking crisis. "Clearly some political leaders would prefer to focus attention on those who did not cause the problem rather than attend to those who did," he says. "Perhaps the problem is not one of malice, but rather one of mistaken identity. In this case may I politely point out that investment management is not investme...