What keeps Luxembourg up at night?

Operational Risk
02 Aug, 2016

With the current volatility in the markets you would expect that fund managers have enough to concern them without considering the risks associated with the safekeeping of their funds’ assets.

FCA scrutiny over outsourcing could be extended to insurers and pensions

Insurers and even pension funds could potentially face scrutiny from the UK’s Financial Conduct Authority (FCA) over their outsourcing arrangements in a manner not too dissimilar from the thematic review undertaken against asset managers.

Posted on: 11 Dec, 2014
Posted in: Regulation

BNP Paribas unveils Annex IV reporting service

BNP Paribas Securities Services has launched an outsourced reporting service for firms filing their Annex IV under the Alternative Investment Fund Managers Directive (AIFMD).

Posted on: 23 Oct, 2014

AIFMs outsourcing Annex IV to fund admins could be forced to disclose data to investors

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.

Posted on: 15 Oct, 2014
Posted in: Outsourcing

Cyber-crime awareness increasing beyond CTOs amid regulatory scrutiny

Awareness of cyber-crime at fund managers is moving beyond chief technology officers (CTOs) and IT personnel with a growing number of portfolio managers and other senior executives taking a growing interest.

Posted on: 03 Sep, 2014
Posted in: Technology

The logic of FCA policy is the unscrambling of fund management outsourcing to global custodian banks

There is an inexorable logic to the concern expressed by the Financial Conduct Authority (FCA) about the risks to investors that fund managers have created by outsourcing their middle and back office operations to global custodian banks.

Posted on: 02 Dec, 2013
Posted in: Outsourcing

FCA praises managers on outsourcing improvements

Asset managers have been praised by the UK’s Financial Conduct Authority (FCA) for improving their contingency planning to deal with the failure of a service provider in the regulator’s thematic report on outsourcing.

Posted on: 04 Nov, 2013
Posted in: Outsourcing

Managers not offsetting regulatory compliance costs, says survey

The majority of hedge funds are not offsetting the costs of regulatory compliance to their funds, while smaller managers are being disproportionately impacted by the rule changes, according to a joint survey by AIMA, the Managed Funds Association

Posted on: 17 Oct, 2013
Posted in: Regulation
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