Regulation and Compliance - Articles & White Papers

Exploring the ways Europe can regain its competitiveness in a challenging and uncertain world.

Morningstar's Voice of the Asset Owner Survey is now entering its fourth year. This year’s qualitative phase consisted of a series of live, in-depth interviews with 25 asset owners from across the globe.

Europe presents tremendous potential for U.S fund managers seeking to expand their investor base. As the world’s second-largest private capital market, it’s easy to see why Europe remains such an attractive destination for U.S. managers looking to tap into new sources of investors and capital.

Real and alternative assets are key to enhancing risk-adjusted returns, with private equity and debt offering higher return potential.

What are the long-term impacts of the second Trump administration on the economy?

This 10th edition provides a global benchmark for tracking capital flows in the energy sector. It examines how investors are assessing risks and opportunities across all areas of fuel and electricity supply, critical minerals, efficiency, research and development and energy finance.

As digital finance reshapes global monetary dynamics, the digital euro emerges as Europe’s strategic response, aimed not at dethroning the U.S. dollar, but at safeguarding monetary sovereignty, enhancing payment resilience and asserting relevance in a tokenized financial future.

This document serves as a concise guide to Section 899 and its potential implications.

Earlier this year, the State Street ETF product team published its annual Global ETF Outlook for 2025, highlighting ETF share classes of mutual funds as an emergent topic in the United States.

This toolkit is designed to help investors engage constructively with companies to encourage good practice, thereby supporting investors to better manage and influence a reduction in investment-related human rights risks in value chains.

This report provides statistics on the state of the Regulation A offering exemption over the past decade. It documents the level of offering activity and reported proceeds as well as the characteristics of issuers and offerings relying on this exemption. There were more than 1,400 offerings during this period seeking an…

This report assesses the engagement and due diligence disclosures of 30 of the largest asset managers based in or operating within the EU and evaluates their alignment with requirements under the EU Sustainable Finance Disclosure Regulation (SFDR).

Over the past decade, more than 100 jurisdictions have signed automatic exchange of financial information agreements (AEoI) in an effort to fight cross-border tax evasion. This paper studies the effectiveness and coverage of these agreements using account data leaked from an Isle of Man bank with a large customer base in…

In an era of intense regulatory scrutiny and geopolitical tensions, compliance is a strategic priority for banks worldwide, including those in the Arab region.

Dealers argue against regulatory intervention, citing high OTC market shares and evidence of lower trading costs compared to exchanges.2 Do the high market shares and low trading costs indicate that having OTC markets improve welfare? Should policymakers restrict OTC trading, and under which conditions?

As (re)insurers attempt to balance the search for yield with prudent risk management, regulators are reviewing the application of the European Union’s Solvency II Prudent Person Principle (PPP) to ensure it remains appropriate in light of market trends in investment strategies.

In ''Disentangling Investment Policy and Investment Strategy for Better Governance'', from the October 2023 edition of The Journal of Investing, Richard M. Ennis, formerly of EnnisKnupp, argues that trustees of institutional investment funds should focus on investment policy rather than investment strategy.

Gold is not currently classified as a High Quality Liquid Asset (HQLA) under Basel III but its performance during times of crisis rivals that of intermediate and long-term Treasuries. In this context, analysis shows that gold is an HQLA in all but name.

The Q2 2025 Global Regulatory Pulse provides an overview of significant regulatory updates from various regions, covering topics such as AI guidelines, AML/CFT initiatives, financial regulations, non-financial misconduct surveys, and enforcement actions.

This report examines the legal and regulatory changes needed for tokenization to grow responsibly while ensuring investor protection and market integrity. It analyzes global regulatory regimes, international standards, and the need for legal clarity.