Regulation and Compliance - Articles & White Papers
Reports and white papers on investment regulation and compliance issues. Amongst the research in this investment compliance and regulation section are white papers on AIFMD (Alternative Investment Fund Managers Directive) and Solvency II - particularly the practical implications for fund managers and insurers. Reports discussing the impact of regulation on fund management...
companies, and the operational challenges this presents, have been particularly well received, whilst regulatory primers (for instance providing an overview of who regulates whom and how) have also been well read. Other surveys and articles cover financial regulatory policy, hedge funds regulation, investment regulation, risk management, IFRS financial statements, GIPS performance reporting and the future of investment compliance for asset owners.
Consolidation is an important and current theme within the investment industry. Many firms are considering M&A deals and with the arrival of COVID-19, that's taken on a fresh urgency. This report by State Street examines these priorities through the lens of strategy, operating transformation, culture, and data.
Candriam have created this series of short briefing notes to provide you, as an investor, with the essential things you need to know to understand how what some have dubbed a “regulatory tsunami” will impact you and what you need to do next.
Interest in socially responsible investing continues to gain ground as climate change and social issues have become increasingly prioritized by stakeholders. MIM believes a larger focus on passive management, significant interest from institutional investors, and increasing regulatory scrutiny on both corporations and…
As 2020 draws to a close, many tax- and residency-related matters are coming to the fore to which clients may want to pay attention and make conscious decisions about. The following analysis is meant to help facilitate and inform those discussions. To be sure, changing states is not a simple decision, nor are the nuances of…
State Street's quarterly overview of legislative and regulatory developments in the European Union. As the extreme market volatility has abated and markets have largely stabilised, policymakers at both jurisdictional and international levels are assessing potential vulnerabilities and the relevant policy response.
The survey provides a detailed look at global trends in sustainability reporting and offers insights for business leaders, company boards and sustainability professionals. Its aim is to support those who have a responsibility for assessing and preparing their own organization’s sustainability reporting.
This report sets out ESMA's analysis and conclusions on the preparedness of the investment funds that were reviewed and presents five priority areas identified to enhance the preparedness of funds that have significant exposures to corporate debt and real estate assets to potential future adverse shocks.
This year has been a roller coaster for many people – but, as 2020 draws to a close, investors must turn their attention to end-of-year tax planning. Consider these year-end tax tips for your clients.
Chinese equity markets have emerged as one of the big winners following the Covid-19 shock. And their prospects remain bright for 2021, provided investors take the necessary steps to prevent certain China-specific risks – in particular fraud risk – from spoiling the party.
State Street convened a panel of senior and notable industry experts on investment outsourcing operations. The discussion was designed to help the asset management community understand the recent regulatory developments in outsourcing, governance and share best practices in fund board oversight, risk management and…
The concentration of risk within financial system is considered to be a source of systemic instability. The authors propose a theory to explain the structure of the financial system and show how it alters the risk taking incentives of financial institutions. They build a model of portfolio choice and endogenous contracts in…
While 2020 has, at the risk of understating it somewhat, brought unexpected events and personal and professional adjustment, our experience offshore is that market participants have, on the whole, continued to show a robust appetite for fund finance products, which have themselves continued to mature and evolve admirably in…
The Annual European Insurance Overview is an easy-to-use and accessible overview of the European (re)insurance sector. The report is based on annually reported Solvency II information. This ensures that the data has a high coverage in all countries and is reported in a consistent manner across the EEA. The report is…
In 2019 the EU derivatives market shrank to EUR 681tn in outstanding total notional amount in 4Q19 from EUR 715tn a year earlier. The market was slightly more dominated by interest rate derivatives (IRDs) at 82% of notional amount, up from 78%, while 11% of the notional amount was in currency (down from 13% in 2018), with…
On 6 May 2020,the European Systemic Risk Board (ESRB) published a recommendation to address liquidity risk in investment funds (the “ESRB recommendation”1). The ESRB recommendation requests that ESMA:1. coordinates with the National Competent Authorities (NCAs) to undertake a focused piece of supervisory exercise with…
Information production is key to the efficiency of financial markets. Does selling information separately improve its production? We investigate this question using MiFID II, a European regulation that unbundles research from transactions. We show that unbundling causes fewer research analysts to cover a firm. This decrease…
This month's update focuses upon LIBOR legacy issues, PRA concerns over reserve adequacy, and some last minute tweaks by the UK government in final preperations for the end of the Brexit transition period, in which the EU gets equivalence in a number of areas in financial services.
