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The dirty dozen - regulations that will hit asset managers/servicers in the near future
25 October 2011
The desire to increase regulation of banks has seen a torrent of supervisory initiatives hit the asset management and servicing industries. Global Investor/ISF brings you a guide to the 12 most important.
Read more:
Fatca
Emir
Dodd Frank
Short selling
Solvency II
Mifid
AiFMD
Ucits
European Commission
1: Alternative Investment Fund Managers Directive (AIFMD) Covers: All European alternative investment fund managers (AIFM), including hedge fund and private equity managers.Aim: T o create a common EU approach to the oversight of AIFMs and to form a European single market for AIFs.Type: A directive to be implemented by EU member states into national law (as opposed to a regulation which directly applies to all financial firms in the EU.Policy leaders/regulators: European Commission, European Securities and Markets Authority (ESMA) and European Systemic Risk Board (ESRB)Current stage: The second consultation on the directive’s implementation measures, which looked specifically at third-country fund managers, ended 23 September 2011.Next stage: ESMA will give its final recommendation on the implementation measures to the European Commission by 16 November 2011. There are still areas of the directive that ESMA may need to resolve, such as aligning the AIFMD with UCITS and MiFID. However, the Commission doesn’t...
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