As the old saying goes, teach a man to fish and he is fed for a day, teach a man to fix the price of fish and he will spend 40 months in prison. Well this exactly what happened to formed Bumble Bee Foods CEO Christopher Lischewski who was caught in a scheme to artificially…
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On 31 March 2020, the European Securities and Markets Authority (ESMA) announced that it was delaying the first reports by money market funds managers under the Money Market Funds Regulation (MMF Regulation) until September 2020. The original date for submissions was April 2020. The delay was due to an update to the XML schema.
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Money market funds (MMFs) are an important part of the European and global investment fund landscape and perform an essential role as a cash management and liquidity tool. They are a type of collective investment fund where households, corporate treasurers or insurance companies can obtain a relatively safe and short-term investment for surplus cash. They have preservation of capital and liquidity as their primary objectives.
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It’s a little-known fact that in Chinese the phrasing used for the word crisis or danger also means the same as the word opportunity. Its been announced that JustEat the Takeaway giant will acquire its competitor Grubhub for $7.3 Billion. At a cursory glance M&A activity such as this is would seem strange given the…
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With Oil prices hitting record lows and global industry grinding to a halt in the wake of Covid some major energy firms are feeling the pinch. At time of writing, BP has announced that it is cutting 10,000 jobs. The company is also reducing its capital expenditure by about $3B. This comes off the back…
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The European Securities and Markets Authority (ESMA) has published a supervisory briefing on the supervision by National Competent Authorities (NCAs) of costs applicable to Undertakings for the Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFs).
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The new Japan foreign investment rules were fully implemented on 7th June after a 30-day transition period. The amendments to the Foreign Exchange and Foreign Trade Act (FEFTA) require some overseas investors to submit a prior notification of stock purchases to the government via the Bank of Japan (BoJ).
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Liquidity risk was amplified by the COVID-19 pandemic with regulators introducing a number of initiatives to mitigate the corresponding risk. However, it’s not the only area which has seen increased attention as a result of COVID-19. As summarised below, despite the G20 commitment to “support global trade and investment” during the pandemic, foreign investment restrictions have been on the rise.
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It is said that in certain conditions some smaller planes can be flying inverted without the pilot noticing, known as spatial disorientation. Emphasising the importance of checking instruments. On the back of a transcendental few months for the office based population a new challenger has risen to the task of video web based communication, of…
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This month’s regulatory round-up, pulls together some of the interesting regulatory developments we have tracked throughout May. It’s no surprise that liquidity continues to dominate the headlines with the CSSF launching the IFM notifications on fund issues and large redemptions, EU Member States publishing their intentions regarding the Money Market Fund Stress Tests, and the ESRB making recommendations regarding liquidity risk in investment funds.
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