Give Us Global Standards or Give Us Chaos – Open Letter to US Congressman McHenry

US Congressman Patrick McHenry recently sent a letter to Federal Reserve Chair Janet Yellen criticizing the Fed’s participation in setting global banking rules of conduct and asserting that standards are agreed in opaque settings. But standardization lowers business costs in finance as in manufacturing – for American banks and investors as well as their international counterparts. A common set of rules for the global financial industry is just a matter of common sense, argues Thomas Murray.

Posted on: 24 Apr, 2017

SIFI challenge for asset managers

A coordinated approach by international regulators towards oversight of fund managers deemed to be systemically important financial institutions (SIFIs) must be undertaken so as to avoid confusion.

Posted on: 31 Mar, 2015
Posted in: Regulation

Regulators must take preventative not reactive approach to mitigate CCP failures

Global regulators and financial institutions should focus on preventative rather than reactive measures to mitigate the knock-on effects of a central counterparty clearing house (CCP) running into difficulty if one of its clearing members defaults

Posted on: 16 Oct, 2014
Posted in: Regulation

AIMA urges authorities to make public aggregated data from regulatory reports

Data obtained from regulatory filings such as Annex IV under the Alternative Investment Fund Managers Directive (AIFMD), Form PF and Form CPO-PQR, should be aggregated and made publicly available, according to t

Posted on: 17 Sep, 2014
Posted in: Regulation

SEC publishes Form PF data

Private funds’ Regulatory Assets under Management (RAuM) totals $8.8 trillion, of which hedge  funds and private equity vehicles comprise $4.04 trillion and $1.9 trillion respectively, according to the Securities and Exchange Commission’s (SEC) an

Posted on: 19 Aug, 2014
Posted in: Regulation

BIS report warns rise of asset managers presents potential market risks

The growing clout of asset managers could present risks to market stability, according to a report by the Bank of International Settlements (BIS).

Posted on: 30 Jun, 2014
Posted in: Regulation

FSOC proposals on SIFIs could hurt large asset managers

The proposals by the Financial Stability Oversight Council (FSOC), the US government agency mandated under Dodd-Frank to monitor systemic risk, to label some asset managers including hedge funds as “systemically important financial institutions” (

Posted on: 20 May, 2014
Posted in: Regulation

How KYC data can lend a fund manager an informational advantage

Fund managers tend to be more interested in running money than in working out where it came from. Pecunia non olet, as the Romans put it. But accepting investments from anybody who cares to write a cheque is an increasingly imprudent practice in a regulatory environment obsessed with making sure every citizen pays taxes (FATCA), let alone one surrounded by   Know Your Client (KYC) and Anti Money Laundering (AML) procedures that ensure no dollar is invested whose provenance cannot be proved.

Forget Dodd Frank, AIFMD, FATCA and MiFID: this is the regulatory threat that matters

The closure on 7 April of the Financial Stability Board (FSB)...

Posted on: 28 Apr, 2014
Posted in: Regulation
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