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Europe

CFTC grants registration to NEX SEF

CFTC grants registration to NEX SEF

Fri, 21/04/2017 - 09:34

The US Commodity Futures Trading Commission (CFTC) has issued an order of registration to London-based NEX SEF Limited, granting it registration status as a swap execution facility (SEF).  »

CFTC extends time-limited no-action relief for swap dealers doing business in Europe

CFTC extends time-limited no-action relief for swap dealers doing business in Europe

Wed, 19/04/2017 - 07:38

The US CFTC has issued an extension of the time-limited no-action relief provided in CFTC Staff Letter 17-05 from 8 May 2017 until 7 November 2017.  »

Ben Blackett-Ord, Bovill

Financial watchdog appoints supervisory panel

Tue, 04/04/2017 - 13:27

The Financial Conduct Authority (FCA) has appointed its new Skilled Person Panel, effective until 2021. »

Paul Cusenza, Nodal Clear

Nodal Clear recognised as third-country central counterparty by ESMA

Tue, 04/04/2017 - 09:35

Nodal Clear, the clearing house subsidiary of Nodal Exchange, has been recognised by the European Securities and Markets Authority (ESMA) as a third-country central counterparty (CCP) under the European Markets Infrastructure Regulation (EMIR). »

Richard Shamos, Sadis & Goldberg

Building a global platform: Marketing investment funds in Europe

Fri, 31/03/2017 - 10:33

By Richard L Shamos (pictured) and Ron S Geffner, Sadis & Goldberg – The global investment funds marketplace today is beset by contradictory economic forces, with increasing financial opportunity accompanied by a rising regulatory burden and populist politics. These tensions are perhaps nowhere more apparent than in Europe, where the investment funds industry posted a record high in 2016 of EUR14.1 trillion in assets under management, including record sales of alternative investment funds of EUR184 billion. This all occurred amidst the Brexit referendum, Trump election, record immigration, attacks of terrorism and sporadic bursts of nationalism. »

Carsten Kengeter, Deutsche Börse

EU blocks merger of Deutsche Boerse and London Stock Exchange

Wed, 29/03/2017 - 10:44

European regulators have blocked the proposed merger between Deutsche Börse and the London Stock Exchange Group. »

Ron Jordan, DTCC

DTCC’s GMEI utility ready for MiFID II implementation

Tue, 28/03/2017 - 08:49

The Depository Trust & Clearing Corporation (DTCC) subsidiary operating the Global Markets Entity Identifier (GMEI) utility continues to operate as the largest legal entity identifier (LEI) issuer, by share of the total LEIs issued worldwide, in the run-up to MiFID II implementation. »

Lucas Wurfbain, Feedstock

Feedstock platform offers MiFID II research compliance

Tue, 14/03/2017 - 10:17

London-based Feedstock is operating a research platform that offers buy-side fund managers a one-stop-shop to managing their research activities under MiFID II. »

Hanno Klein, FIX Trading Community

FIX Trading Community enhances FIX Protocol to meet requirements of MiFID II and MiFIR

Mon, 27/02/2017 - 09:24

FIX Trading Community, the non-profit financial trading standards body, has published a document detailing extensions to the FIX Protocol to meet the requirements of MiFID II and MiFIR. »

Tobias Paulun, EEX

Competition and market dynamics form basis for consumers to benefit from the Energy Union

Tue, 07/02/2017 - 13:39

The European Energy Exchange (EEX) and the European EPEX SPOT power exchange have met with representatives of the EU Commission and the Federal Ministry for Economic Affairs at the “E-world energy & water” trade fair to discuss the legislative proposals of the so-called “Winter package” (Clean energy for all Europeans) of the EU Commission. »

A ‘KURE’ for regulatory fatigue

Mon, 06/02/2017 - 11:12

By Ras Sipko, KOGER – For the past four years, alternative fund managers with US investors have been coming to terms with the far-reaching effects of the Foreign Account Tax Compliance Act or FATCA. Some 60-plus countries have signed up to cooperate with the IRS in order to enforce FATCA and this year the compliance burden is set to grow yet again. On 31st May 2017, fund managers will have to submit their first filing under the OECD Common Reporting Standards initiative, which can best be thought of as global FATCA or 'GATCA'. »

James Williams, Global Fund Media

Multiple growth drivers boost Ireland’s Funds Industry

Mon, 06/02/2017 - 11:04

There are a number of encouraging developments in Ireland that would, on the surface, appear to place it on a strong footing to further enhance its reputation as Europe's leading onshore alternative funds jurisdiction.  »

Cyril Delamere, ML Capital

ML Capital evolves fund solutions offering

Mon, 06/02/2017 - 10:55

ML Capital, one of Ireland's leading management company groups, has grown to exceed EUR3 billion of AUM over the last 12 months. The growth trajectory over recent years has enabled ML Capital to evolve from being a leading UCITS platform operator to being more of a fund solutions provider to managers and investors alike.  »

John Bohan, Apex Fund services

Moving towards the paperless office

Mon, 06/02/2017 - 10:50

The Irish Government is keen to embrace the FinTech revolution as is evidenced by its IFS2020 strategy for International Financial Services, which aims to create 10,000 new jobs in the IFS sector by 2020.  »

Linda Gorman, Quintillion

Forging closer links with clients

Mon, 06/02/2017 - 10:42

Alternative fund managers have had a myriad of regulatory change to contend with over recent years. In the early stages, many chose to take on the reporting burden themselves. This was very much a learning curve.  »

James Williams, Global Fund Media

Ireland: Positioning to be the European RegTech leader

Mon, 06/02/2017 - 10:34

Dublin's International Financial Services Centre (IFSC) employs over 38,000 people and is home to some of the world's leading financial institutions; industry stalwarts such as Merrill Lynch, ABN Amro, JP Morgan.  »

Jack Inglis, AIMA

AIMA publishes guide to MiFID2

Fri, 03/02/2017 - 09:29

The Alternative Investment Management Association (AIMA) has published a guide for investment managers to help them understand and implement the requirements of the European Union’s updated Markets in Financial Instruments Directive (MiFID2). »

Pat Lardner, Irish Funds

Irish Funds and Deloitte to develop blockchain proof of concept for regulatory reporting

Thu, 02/02/2017 - 10:15

Irish Funds is working with industry participants and Deloitte to develop a blockchain proof of concept for regulatory reporting. »

Bill Prew, Indos Financial

Fund managers need to be alert to successfully navigate a hard Brexit

Tue, 31/01/2017 - 12:19

Bill Prew (pictured), CEO of Indos Financial, the independent depositary firm, writes that the UK government has finally revealed its Brexit position. “Any chance of a soft Brexit or retained membership of the Single Market has apparently been removed. The UK will almost certainly pull out of the Single Market although some hope policymakers will negotiate a transitional arrangement to avoid a cliff-edge Brexit. »

Stefan Hendrickx, Ancoa

Energie Steiermark selects Ancoa for energy trade surveillance

Thu, 26/01/2017 - 10:09

Ancoa, a provider of contextual surveillance and analytics for exchanges, regulators, buy- and sell-side firms, has been selected by Energie Steiermark to monitor trading activity covered by MAR (Market Abuse Regulation) and REMIT.   »

Gina Miller, SCM Direct

UK government loses Gina Miller Brexit vote appeal

Tue, 24/01/2017 - 09:51

A majority of eight to three of the Supreme Court judges has found in favour of Gina Miller’s (pictured) campaign that the UK Government cannot trigger Article 50 to begin the formal process of leaving the European Union without an Act of Parliament.  »

John Dowdall, Silverfinch

Silverfinch strengthens data model with PRIIPs templates

Mon, 23/01/2017 - 10:02

Silverfinch, a look-through and data distribution hub for client regulatory reporting, has launched new templates to its data model in response to the upcoming Key Information Document (KID) regulation for Packaged Retail Investment and Insurance Products (PRIIPs). »

Jeremy Davies, RSRCHXchange

Asset managers reduce bank research spend ahead of MiFID II

Thu, 12/01/2017 - 08:51

There has been a distinct shift of research budgets away from the top nine investment banks, according to an analysis of the readiness of asset managers for the research unbundling rules coming into effect in January 2018. »

Dan Kuhnel, ANNA

ANNA opens consultation on fee models for the Derivatives Service Bureau

Mon, 09/01/2017 - 09:28

The Association of National Numbering Agencies (ANNA) has opened the fee model consultation for the ANNA Derivatives Service Bureau (DSB). »

TGE obtains PFSA approval for CO2 auction platform

TGE obtains PFSA approval for CO2 auction platform

Wed, 21/12/2016 - 15:20

The Polish Financial Supervision Authority (PFSA) has unanimously granted approval to Towarowa Giełda Energii (TGE) to operate an auction platform for CO2 emission allowances. »

Todd Moyer, Confluence

RegTech to trigger asset management back office transformation in 2017

Fri, 16/12/2016 - 09:10

Confluence predicts that the rise of regulatory technology (RegTech) in 2017 will trigger a transformation of the asset management back office, with improved data management and technology solutions delivering operating model improvements through automation. »

Pat Lardner, Irish Funds

Irish Funds welcome final agreement on money market funds

Mon, 12/12/2016 - 09:56

Irish Funds, the representative body for the international cross-border investment funds industry in Ireland, has welcomed the Economic and Monetary Affairs Committee’s (ECON) approval of the final compromise text on the EU’s Money Market Fund Regulation (MMFR). »

Jack Inglis, AIMA

AIMA publishes guide to managed accounts

Wed, 07/12/2016 - 13:34

The Alternative Investment Management Association (AIMA) has published a guide for fund managers wishing to establish a managed account, a popular form of investing in hedge funds that gives greater control over the management of the account to the investor. »

Tobias Paulun, EEX

EEX highlights importance of market mechanisms in building the Energy Union

Thu, 01/12/2016 - 07:47

The European Energy Exchange (EEX) has welcomed the Winter Package, published by the European Commission, which introduces proposals for legislation on the EU energy market and the development of renewable energy going forward. »

Pat Lardner, Irish Funds

Irish Funds welcomes proposals to amend loan fund rules

Wed, 30/11/2016 - 10:39

Irish Funds, the representative body for the international cross-border investment funds industry in Ireland, has welcomed the Central Bank of Ireland’s announcement on its intention to amend the requirements for Loan originating Qualifying Investor AIFs (L-QIAIFs), as set out in the AIF Rulebook. »

features

Awards

Hedgeweek Global Awards 2017

Hedgeweek Global Awards 2017

Thu, 06/04/2017 - 14:14

GFM Events

James Williams, Global Fund Media

Shaping smarter performance

Wed, 29/03/2017 - 10:44

Special Reports

Bermuda Fund Services 2017

Bermuda Fund Services 2017

Fri, 24/03/2017 - 11:55

Switzerland Hedge Funds 2017

Mon, 27/03/2017 - 13:53

Guide to Relocation 2017

Guide to Relocation 2017

Mon, 20/02/2017 - 15:43

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