Its an undeniable fact that the global climate is changing for the worse, just look at Australia recently. As crises deepen and widen how can the fund management industry adapt and respond? What changes will the next generation of Eco-Conscious retail investors bring about? What is known for a fact is that investors vote with…
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Citi has suspended one of their top tier bond traders after a theft allegation from their canteen. It just goes to show there really is no such thing as a free lunch https://www.ft.com/content/b7c1952a-467b-11ea-aeb3-955839e06441
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Firms must have appropriate systems, controls and governance to oversee and manage liquidity risk. With the New Year well and truly underway, regulators across the globe have started publishing their priorities for the year ahead. Unsurprisingly, liquidity risk appears to be high up on most of their agendas
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A number of key regulators including ESMA, the CBI and the FCA have reviewed the market for potential hidden “closet tracker” funds and published their findings, with a number of funds providing inaccurate information in their investor disclosure documents as regards investment strategy.
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While the FCA’s Assessment of Value (AoV) process is a new development in the UK market, a similar requirement on mutual funds has been in place in the United States for considerable time. The approach in the United States provides some useful comparisons to the new UK regime. The US fund governance model requires under Section 15c of the US Investment Companies Act 1940 for US fund boards to conduct an assessment on the fund managers using a number of factors commonly known as the Gartenberg Principles.
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As a response to the liquidity crisis created by Woodford the CBI will review current rules that govern the liquidity risk of funds. This follows similar investigation by the FCA. Is this simply a case of closing the gate after the horse has bolted or more akin to adjusting the sails to avoid further crises’…
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EU prepares tweak to Mifid market rules after industry backlash https://www.ft.com/content/d3675d98-0632-11ea-9afa-d9e2401fa7ca
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The pertinent nature of data privacy in an ethical investment framework https://www.ft.com/content/0866d79f-cd48-42d4-b21c-453f964d2fb0
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https://www.bis.org/publ/otc_hy1911.htm