While some of the proposals could be harmful to market participants, the review presents an opportunity to clarify certain elements of AIFMD, says ICMA’s Arthur Carabia.
November 10, 2020The consultation proposes a blueprint for the future regulatory framework that more clearly allocates responsibilities between Parliament, HM Treasury and financial services regulators.
October 22, 2020HKIFA chief Sally Wong reportedly said a move to restrict the delegation model could prompt capital to flow away from the European fund industry.
October 15, 2020The European Commission says the decision will give financial market participants time to reduce their "excessive" exposures to UK-based CCPs.
September 25, 2020The FCA is seeking views on its approach to authorising international firms that wish to provide financial services in the UK post-Brexit.
September 24, 2020Though prompted by Brexit, the proposed review of the AIFMD legislation will also have implications for buy-side firms operating in Asia, says industry veteran Tony Freeman.
September 2, 2020Incoming rules from the EU, UK, Singapore and Hong Kong highlight the need for banks to gain a better understanding of the third party and supply chain risks their customers face.
July 15, 2020The UK has designated 25 Russians, 20 Saudi Arabians, two Myanmar generals, and two North Korean organisations. Their UK assets will be frozen.
July 8, 2020Last February, BaFin responded to whistleblower allegations and critical media reports by banning short-selling in Wirecard and filing criminal charges against journalists.
June 22, 2020Under the new approach, third-country CCPs that are not deemed systemically important will only be subject to basic ESMA supervision, relying on 'comparable compliance'.
June 15, 2020