Telegraph – Experts at PriceWaterhouse Coopers have warned that a raft of asset managers who believed they would be exempt, will now face the same European pay rules as banks – including limits on cash payments; forced deferral and high levels of disclosure.
The regulators’ position, which has emerged in the small print of a document published by European regulators two weeks ago, will be seen as attack on London where more than 80pc of Europe’s alternative sector is based.
