Brexit and Custody

14 Oct, 2016

This is the fourth in a series of five thought pieces Thomas Murray wishes to share with clients this summer, the questions for our fields of expertise before the amorphous Brexit project takes shape.

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

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

New contenders to prime brokerage

Organisations such as BlackRock are well-placed to provide prime brokerage to hedge fund managers that are being exited by bulge bracket banks. 

Posted on: 12 Jun, 2015
Posted in: Prime Brokerage

Standard Chartered launches Stock Connect II platform to trade China equites this week

The fund administration business of Standard Chartered Bank is one of the best kept secrets in the fund distribution industry.

Posted on: 20 Apr, 2015
Posted in: Technology

Key points from the Irish Funds Industry Association (IFIA) Conference

Here are the key points from the Irish Funds Industry Association (IFIA) Conference which took place on 14 April 2015 in London.

Posted on: 15 Apr, 2015
Posted in: Feature

MiFID II legislation providing challenges in the fund distribution landscape

Denise Jud, Executive Director, Head Legal Distribution at Swiss & Global Asset Management, spoke during the ITAS conference in February 2015 on whether UCITS & AIFMD passporting rules provide a sufficient framework to advance cross-jurisdiction selling, the main regulatory drivers in cross-border fund distribution outside Europe and what the challenges and opportunities for the fund distribution landscape with the upcoming MiFID II legislation are.

Posted on: 17 Mar, 2015
Posted in: Video Features

ALFI European Alternative Investment Funds Conference - a summary

Here is a summary of some of the key issues at the Association of the Luxembourg Funds Industry (ALFI) alternative investment conference.

Posted on: 28 Nov, 2014
Posted in: Regulation

Stock Connect delays should not alarm asset managers and investors

Delays to the much-awaited Shanghai-Hong Kong Stock Connect scheme should not alarm asset managers and investors hoping to transact in mainland Chinese A-shares amid concerns the adjournment is attributable to regulators and market participants st

Posted on: 28 Oct, 2014
Posted in: Investors

ESMA likely to force primes to segregate AIF and non-AIF assets

The European Securities and Markets Authority (ESMA) is likely to force prime brokers to segregate AIF assets from non-AIF assets in what could have significant implications for the prime brokerage operating model.

Posted on: 20 Oct, 2014
Posted in: Regulation


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