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.
Pension regulations in the Nordic countries and the Netherlands are similar to insurance regulation in the European Union. Solvency capital (SC) required for credit risk in corporate bond portfolios is close to its economic risk, while solvency capital for equity risk does not distinguish at all between low-risk and high-…
The International Capital Market Association’s (ICMA) Asset Management and Investors Council (AMIC) and the European Fund and Asset Management Association (EFAMA) joined forces in 2016 to write this report on the legislative requirements and market based tools available to manage liquidity risk in investment funds in Europe…
The end of the London Interbank Offered Rate (LIBOR) introduces a unique set of challenges for market participants. Joe Acer, who leads State Street’s LIBOR transition, discusses his key findings in getting our program up to speed. He also shares risks and guidelines that firms in the industry should keep in mind as they…
Complying with regulation can feel like navigating a maze. How can organizations solve the reg-tech challenge?
If you’re interested in learning more about Street’s 2019 Regulatory Research Study, please reach out to Meredith Kaplan (MVKaplan@StateStreet.com), head of State Street’s Analytics and Insights team.
Most corporate bond research on liquidity and dealer inventories is based on the USD-denominated bonds transactions in the US reported to TRACE. Some of these bonds, however,are also traded in Europe, and those trades are not subject to the TRACE reporting requirements. Leveraging our access to both TRACE and ZEN, the UK’s…
This 31st edition of Deloitte's Performance Magazine continues its journey of crisscrossing the asset management industry, from a geographical, segment, and client perspective.
The last decade has challenged the paradigm of the hedge fund industry as a unique performer. We identify three main factors that have affected the operation of hedge funds: competition from mutual funds, the market environment, and tighter regulation.
In recent weeks, global markets have experienced a dramatic increase in volatility in reaction to the coronavirus (COVID-19) pandemic. In the United States, market declines have triggered market-wide circuit breakers on multiple occasions, and questions have been raised about potential temporary closures in U.S. securities…
This study sets out to answer three key questions with respect to the European investment grade corporate bond secondary market: (i) What is the current state and expected course for market liquidity? (ii) How is the structure of the market evolving? (iii)What are the expectations for future market developments?
In recent years, market participants, as well as policymakers, have highlighted a downward trend in CDS credit market activity since the financial crisis. As one example, analysis by the Bank of International Settlements (BIS) shows that global CDS markets have fallen from a high of just over $60tn in notional amount…
Clear communication is critical to successful client-adviser relationships. And intuitive, easy-to-understand investment reporting ought to be central to that. Yet simple questions like the one above can be strangely difficult to answer. And that’s especially true in the world of alternative investments.
Deloitte's annual assessment from the firm's EMEA Centre for Regulatory Strategy explores trends and specific regulatory themes that will shape the financial services industry in 2020. Its predictions can help leaders anticipate and navigate the regulatory landscape in 2020.
Back in June of 2018, the Securities and Exchange Commission (SEC) started to require large registered investment companies to report their monthly position holdings under Form N-PORT, but now it’s time for smaller companies to follow suit. Form N-PORT is completed for every calendar month-end, which is submitted to the SEC…
SIFMA presents its 2020 Oulook paper for the U.S. Capital Markets, in which it outlines shifts in regulation, taxation and technology which may affect the way in which market participants respond to the provision of capital to those who need capital and credit to grow.
The International Accounting Standards Board (IASB) issued the new standard for insurance contracts – IFRS 17 – in May 2017. Compliance with the complex new standard for insurance contracts will require an overhaul of the processes and the IT systems and this Survival Guide will help you successfully navigate the change.
The accounting standard setters are examining potential changes to goodwill accounting, citing feedback that the costs of goodwill impairment testing may outweigh the benefits.
