Irish central bank to investigate fund manager fees
The Central Bank of Ireland will investigate the levels of fees charged by asset managers based in the country next year – one of a "large number" of "themed inspections" that it will carry out – it announced today (December 14).
In October, 1,188 investment funds based in Ireland were registered with the central bank, rising to 6,080 when sub-funds were included.
The bank will review the "total expense ratios (TERs) disclosed in regulatory returns filed by funds", a spokeswoman told Central
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