Despite the promises of better behaviour by banks after their fines for past abuses in the foreign exchange markets, investors should subject their currency transaction procedures to a thorough review to ensure best execution.
Asset managers and end investors should consider increased due diligence as to the way in which their assets are held in custody at their custodian banks following the UK Financial Conduct Authority’s (FCA) £126 million fine of BNY Mellon.
More than two-thirds of insurance companies intend to scale back their exposures to alternative asset managers as a result of regulation, according to a survey by UBS Fund Services and PricewaterhouseCoopers (Pw
Firms outsourcing the compilation and submission of their Annex IV to fund administrators could find themselves under pressure to disclose the document to investors if administration costs are borne by the fund.
The Fixed Income Clearing Corporation (FICC) is seeking regulatory approval from the Securities and Exchange Commission (SEC) and Federal Reserve to provide centralised clearing for the $1.6 trillion institutional tri-party repo market.
Managers need Assets under Management (AuM) of between $100 million and $150 million if they are to break-even amid growing regulatory scrutiny and pressure from investors to institutionalise their businesses.
The so-called collateral shortfall is unlikely to be as severe as some market participants initially believed although obtaining high-grade eligible collateral to post as initial and variation margin to central counterparty clearing houses (CCPs)
An alarming number of alternative investment fund managers (AIFMs) had wrongly assumed they could market through the Alternative Investment Fund Managers Directive's (AIFMD) national private placement regimes and passport to organisations and hig