Regulation

Webinar review: Are you ready for the margining of uncleared swaps?

New rules on the margining of non-cleared OTC derivatives contracts start coming into force on 1 September 2016. These rules, which have yet to be completely finalised in either Europe or the United States, will impose additional costs, systems investments and operational complexities on fund managers that use OTC derivatives.
Posted on: 17 Dec, 2015

Alan Cameron of BNP Paribas Securities Services on T2S

GCF spoke to Alan Cameron, Head of Relationship Management at BNP Paribas Securites Services, about the latest updates surrounding T2S, at the 2015 Global Custody Forum in London.
Posted on: 17 Dec, 2015

The Rise and Rise of Loan Origination Funds

The growth of non-bank lending continues to proliferate. It has been given a boost in the aftermath of the financial crisis when many banks, stung by poorly performing loans, scaled back lending to small and medium sized enterprises (SMEs). 

Posted on: 09 Nov, 2015
Posted in: FeatureRegulation

MiFID II greatest regulatory strategy issue for EU fund managers

Out of all the European regulations to affect strategy, MiFID II is expected to be the biggest priority for investment managers, with MiFID II investment research rules being highlighted as a key strategic challenge in a survey conducted by Deloi

Posted on: 26 Oct, 2015

An introduction to the UK FCA’s client money rules for investment firms, with John David Thiede of Sidley Austin LLP

They make up one chapter out of 12 in a set of recently revised rules published by just one regulator. Yet it would not be hyperbolic to describe the new client money rules set out in the Client Asset Sourcebook (CASS) of the United Kingdom Financial Conduct Authority (FCA) as one of the most excruciatingly detailed and prescriptive set of operational obligations imposed on investment firms, including asset managers, of any introduced since the financial crisis. They came fully into force on 1 June this year. Dominic Hobson spoke to John David Thiede of Sidley Austin LLP, who was closely involved in their drafting during his time with the FCA.

Posted on: 21 Oct, 2015

For custodian banks, UCITS V liabilities are a matter of life-or-death

Custodian banks have long under-charged for the risks they absorb on behalf of their clients. For years, this was a strategic choice, in which they looked to get paid for exploiting the assets rather than looking after them. Even as those ancillary earnings have shrunk, and regulators have increased the liabilities, custodians have persisted with the status quo. According to Peter Richards-Carpenter, consultant to London law firm Berwin Leighton Paisner, the responsibilities of depositary banks under UCITS V will finally force custodians to decide whether they wish to stay in the business.

Posted on: 28 Sep, 2015
Posted in: Regulation

Regulatory Reporting, Risk Mitigation, Central Clearing and Collateral management: Are you ready?

Regulation including MiFID II, MiFIR and EMIR, with its introduction of mandatory central counterparty clearing and derivative reporting, all present challenges for financial institutions.

Posted on: 10 Sep, 2015
Posted in: Regulation

ESMA EMIR Review Fireside Chat: Compliance. Completeness. Correctness.

With the consultation period for the EMIR review being at an end, ESMA has weighed in at the eleventh hour and given an indication of the changes they propose the Commission make to the regulation as it currently stands.

Posted on: 28 Aug, 2015
Posted in: Regulation

Annex IV – it’s all in the preparation

Fund managers must devote sufficient resources and ensure they have their Annex IV - the regulatory report required under the Alternative Investment Fund Managers Directive (AIFMD) - fully prepared well-ahead of the next submission deadline so as

Posted on: 18 Aug, 2015
Posted in: Regulation

Appetite for Alternative UCITS shows no abating

The appetite for alternative UCITS funds continues to grow amid institutional investor demand and regulatory uncertainty around the Alternative Investment Fund Managers Directive (AIFMD).

Posted on: 18 Aug, 2015
Posted in: Regulation

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