Legal & Regulation

Peter Martyr, chief executive, Norton Rose

Norton Rose and Fulbright & Jaworski join forces

International legal practice Norton Rose is to combine with US law firm Fulbright & Jaworski on 1 June 2013 to form Norton Rose Fulbright. »


Regulation

Companies eye impact of new bank regs on trade finance costs

Eighty per cent of the 300 financial officers from large European companies taking part in Greenwich Associates 2012 European Trade Finance Study — and nine out of 10 from companies in the FT 500 — expect pricing on trade finance products and services to increase as a result of the implementation of Basel III. »


Financial burden

Bespoke services can beat the cost of compliance, says Helvetic

Hedge funds are starting to feel the burden associated with increased industry regulation, particularly small funds which are being forced to shut-up-shop in light of the costs needed to adhere to regulatory compliance, according to Paula Smith, head of asset management at PwC in the UK. »


Belinda Gibson, deputy chairman, ASIC

ASIC releases guidance on insolvency reforms

The Australian Securities and Investments Commission has released policy guidance on its power to wind up an abandoned company under new powers contained in the Corporations Act 2001. »


Computer screen

Indus Valley Partners deploys CPO-PQR and CTA-PR reporting functionality

Indus Valley Partners (IVP), a provider of technology solutions to alternative asset managers, has added CPO-PQR and CTA-PR reporting functionality to the firm’s regulatory filing and reporting application - IVP RAPTOR. »


Jon Gregory, partner at Solum Financial Partners

Quantifi releases whitepaper on calculating CVA capital charges under Basel III

Quantifi, a provider of analytics and risk management solutions for the global OTC markets, has published a joint whitepaper with consultant Jon Gregory exploring the difference in capital charges between the simple and more advanced approaches and the capital relief that can be achieved. »


Fiona Le Poidevin, chief executive of Guernsey Finance

Guernsey plans dual regime for AIFMD

Guernsey is planning to have two parallel regulatory regimes for investment funds as a way to best meet client needs when the EU’s Alternative Investment Fund Managers Directive (AIFMD) comes into force. »


Survey

Perceived benefits of hedge fund regulation deteriorating, says Ernst & Young

Despite increasing regulatory requirements for hedge funds, only 10 per cent of investors feel that regulations effectively protect their interests and 85 per cent of investors do not believe these requirements will help prevent the next financial crisis. »


Ross Munro, global head of investment funds at Harneys

BVI readies 'regulation light' regime for fund managers

A new "regulation light" fund manager regime for the British Virgin Islands is one step closer to launch with the publication on 1 November of the final form of the Investment Business (Approved Manager) Regulations, 2012. »


man with loud hailer

CFTC’s Division of Clearing and Risk issues temporary compliance delay due to Hurricane Sandy

Due to the damage caused by Hurricane Sandy, the staff of the Commodity Futures Trading Commission’s Division of Clearing and Risk has issued a no-action letter to temporarily delay the compliance date for the Commission’s Part 22 rules, which set forth segregation requirements for cleared swaps and associated cleared swaps customer collateral, from 8 November, 2012 to 13 November, 2012.  »


Upcoming events

Upcoming training

Mon, 12/05/2014 (All day) - Dubai
Tue, 13/05/2014 (All day) - Dubai