depositary liability

Thomas Murray Data Services unveils counterparty monitoring tool for depositaries

Thomas Murray Data Services has launched a counterparty monitoring service for depositary banks to help them attain compliance with the Alternative Investment Fund Managers Directive (AIFMD).

Posted on: 17 Jul, 2014
Posted in: Regulation

SS&C GlobeOp seeks to launch depo-lite

SS&C GlobeOp is in the process of seeking regulatory approval from the UK’s Financial Conduct Authority to establish a “depo-lite” in what is likely to lead to more fund administrators following a similar route.

Posted on: 07 Oct, 2013

ICSDs could be forced to use depositary's sub-custody networks in frontier markets

Issuer Central Securities Depositaries (ICSDs) sub-custody-ing the assets of AIFMs in higher-risk markets could be forced to use the sub-custody networks of depositary banks.

Posted on: 16 Sep, 2013
Posted in: Regulation

Fund admins partnering with custodians post-AIFMD likely to cull clients

Independent fund administrators seeking depositary partners as mandated under AIFMD could be forced to terminate some of their existing client relationships by risk averse custodian banks, a senior executive at HSBC Securities Services has warned.

Posted on: 14 Aug, 2013

Hedge Fund News - Week ending July 26

Here are the biggest hedge fund news stories for the week ending July 26. 

Posted on: 26 Jul, 2013
Posted in: Investors

ESMA could intervene if PBs and custodians fail to agree on depositary liability

The European Securities and  Markets Authority (ESMA) could be forced to intervene if global custodians and prime brokers cannot reach consensus on depositary liability as mandated under AIFMD,  the global head of regulatory and industry affairs a

Posted on: 23 Jul, 2013
Posted in: Regulation

80% of managers unprepared for AIFMD, according to Preqin survey

Almost eighty per-cent of hedge managers have yet to become compliant with AIFMD, despite the Directive coming into effect on Monday, according to a study by Preqin.

Posted on: 18 Jul, 2013
Posted in: Regulation

Interview with Martin Cornish, founder of M. W Cornish & Co on AIFMD's impact

COOConnect speaks to Martin Cornish, founder of M.W Cornish & Co, a London-based law firm, about the implications of AIFMD on US managers hoping to market their products to EU investors, as well as concerns about depositary liability and remun

Posted on: 27 Jun, 2013
Posted in: Video Features

The custody and depository costs of AIFMD-compliant funds will be significant

Fund managers caught by the Alternative Investment Fund Managers Directive (AIFMD) have started to worry about how much a compulsory depository bank will cost their funds.

Posted on: 25 Jun, 2013
Posted in: Regulation

Custodian-PB agreement on depositary liability likely within a month, says HSBC

Global custodians and prime brokers are likely to reach a consensus on liability provisions contained in the AIFMD within a month, or two maximum, the global head of regulatory and industry affairs at HSBC Secur

Posted on: 15 Apr, 2013
Posted in: Regulation


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