Regulierung -- das Pendel schlägt zurück.

The article discusses the German investment industry and changing regulations. As of 2012, there is a return to a phase of financial market regulation that existed last in the 1990s, after an interim period of modernization and liberalization. There is a correlation between the pressure of political candidates to convey an image of a strict regulator and election cycles. Other topics discussed include the alteration of AIFM guidelines and the investment markets in Luxembourg and Ireland.