Oil that is, black gold, Texas tea!
With lock-downs implemented by authorities across the globe to smother the COVID-19 pandemic, oil demand has been sapped and producers are running out of storage for their excess barrels of…
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FCA Assessment of Value – what have we seen so far?
Under the FCA’s Asset Management Market Study, the final report of which was published in June 2017, the City watchdog determined that price competition is weak in a number of areas of the industry.
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The Sky is Falling! (or is it?)
The Sky is Falling! (or is it?) According to a report from S&P from 2016 over $1 Trillion of corporate debt was set to fall due in 2020, a possible…
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UCITS and AIFs new segregation and safekeeping duties for depositaries enter into force
On 30th October 2018, following the opinion issued by the European Securities and Markets Authority (ESMA) on asset segregation and application of depositary delegation rules to CSDs, the European Commission published the following delegated regulations…
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Regulatory Round-up: March 2020
This month’s briefing covers the latest developments impacting asset managers in the wake of the COVID-19 pandemic. The spread of COVID-19 has significantly and adversely impacted global financial markets.
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Black Swans and Liquidity
We are in the midst of a Black Swan, an unpredictable event with extreme consequences. This raises questions for Funds and how they manage these risks, maintain liquidity and most…
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The Challenges of Liquidity Stress Testing
It seems that ‘liquidity risk’ is the prevalent term on everyone’s lips these days. Following a turbulent 2019, with several high-profile fund suspensions, it is perhaps no surprise that liquidity is a 2020 priority for most regulators. The fund suspensions compounded with the ESMA’s Liquidity Stress Tests (LST) Guideline coming into force 30 September 2020 and the recent launch of a common supervisory action (CSA) on UCITS liquidity risk management demonstrate why liquidity risk is on every fund manager’s priority list.
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The 16 ESMA Guidelines on Liquidity Stress Testing for UCITS and AIFs
On 2nd September 2019, the European Securities and Markets Authority (ESMA) published its final guidance regarding liquidity stress tests of investment fund…
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Crash Test
Tesla shares correct harshly in previous days trading with pre market data indicating a possible continued decline Disclaimer – This does not constitute investment advice or a recommendation
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Electric Dreams
As Tesla’s price drives ever higher what does it tell us about the future of ever the automotive industry globally? Perhaps more importantly does their pricing represent real intrinsic value…
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