Literally accurate disclosure is not providing useful context but sales remain stable

The Packaged Retail and Insurance-based Investment Products (Priips) carries a risk that it is leading to 'literally accurate disclosure which is not providing useful context', and there is evidence that funds, for instance from the US, are withdrawing from Europe to avoid the burden of the new rules, according to Andrew Bailey ( pictured ), chief executive, at the UK Financial Conduct Authority (FCA). In a speech to the London Business School Annual Asset Management Conference on Friday, Baile