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.
This report summarises results from the 2018-19 survey exploring perceptions of The Pensions Regulator (TPR). OMB Research, an independent market research agency, conducted this latest annual survey among a sample of TPR’s key audiences. The main objective of the survey was to understand how effectively TPR is perceived to…
In this paper, we examine the pros and cons of applying artificial intelligence (AI) in three areas of financial services: asset management, banking and insurance.
This 110-page quarterly report by ICMA (the International Capital Markets Association) contains insight on a wide variety of topics affecting capital markets as well as capital markets regulation.
A host of regulatory changes were introduced globally in 2019 to bring about greater transparency in the capital markets industry. Regulatory changes are forcing capital markets to innovate and undertake initiatives to ensure cost-effective and efficient compliance. Whether it be derivatives market consistency or…
This report includes articles on topics impacting the mutual fund industry, a summary of recent developments, together with links to recent publications of interest and PwC resources. This edition includes articles on the following topics: (i) SEC approves a new form of periodically disclosed active exchange traded funds; (…
This paper has been co-authored by the World Economic Forum and Deloitte. It is intended for use by executives at financial institutions across subsectors (e.g. insurance, banking, investment management); it provides a high-level overview of how these privacy enhancing techniques work, and the value they can unlock within…
In this blog post, the author argues that the standard narrative of the global financial crisis is grossly inadequate to explain the crisis. The crisis was both far more complex and far more international than is represented in the standard narrative. But its underlying cause was deceptively simple: an obscure set of…
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. Recent trends in the financial industry have moved asset managers closer…
A number of trends are driving institutional investors to focus on improved management and reduction of costs, resulting in greater attention upon areas for savings, such as tax. Tax transparent structures such as the Common Contractual Fund (CCF) can reduce cost, allowing UK pension schemes to invest without losing out on…
This report examines in impressive detail the areas of acquisition and leveraged finance around the world. At 20 chapters, it covers select jurisdictions including Australia, Germany, Ireland, Norway, Switzerland, the UK, the US, and more.
This report examines in impressive detail the areas of securitisation around the world. At 9 chapters, it covers select jurisdictions including Argentina, India, Japan, Norway, Singapore, the US, and more.
This report sets out the Bank of England's Financial Policy Committee's view of the outlook for UK financial stability, including its assessment of the resilience of the UK financial system and the main risks to UK financial stability, and the action it is taking to remove or reduce those risks. It also reports on…
We study potential fraudulent net asset value (NAV) and return inflation in mutual funds that invest in structured products. We design a filter to identify funds that likely mismark odd lot and two classes of round lot structured products. Applied to structured product-oriented funds launched after January 2010, our filter…
We investigate whether margin calls on derivative counterparties could exceed their available liquid assets and, by preventing immediate payment of the calls, spread such liquidity shortfalls through the market. Using trade repository data on derivative portfolios, we simulate variation margin calls in a stress scenario and…
This article recommends a structure, as well as a few simple methods, that advisors can use to turn this document from a compliance-only tool to both a compliance and management tool that makes your firm both better prepared for SEC audits and clearly defines roles, responsibilities, and repercussions in a way that all firm…
We have a strong team of fund operations and oversight professionals in Cork in Ireland. Eoin Motherway, Ireland Country Head, shares the three areas where we provide cost-effective solutions for asset management.
