Concerns raised over Esma lack of understanding of distribution of financial products

The European Securities and Markets Authority (Esma) seems to have little understanding of open architecture platforms, according to European Federation of Financial Intermediaries and Financial Advisers (Fecif).

Private equity opportunities limited by economic vagaries and tight pricing

Private equity firms have moderated their expectations for 2016. Pricing is the biggest challenge, according to a study by accounting and advisory firm BDO USA.