The Association for Financial Markets in Europe (AFME) has published a new paper setting out five recommendations to deliver supervisory convergence on the regulation of crypto-assets in Europe. The paper’s recommendations are intended to encourage collaboration between regulators in Europe and
“The Special Limited Partnership (SCSp) has been successfully introduced into Luxembourg law. It is set to benefit from onshore fund activity following the AIFMD and is of particular interest to Anglo-Saxon managers and investors given their familiarity with limited partnership
Tim Thornton, managing director, global client delivery, Mitsubishi UFJ Fund Services, comments on news that the FCA is now ready to receive Annex IV reports for the AIFMD… It is good to see the reporting mechanisms and processes for Annex
By Brian McDermott (pictured) & Nessa Joyce – Ireland took a significant step closer to paving the way for the establishment of the Irish collective asset-management vehicle (the ICAV) with the publication of the ICAV Bill on 29 July this year,
On 3 October 2014, Clearstream, a Luxembourg-headquartered international central securities depositary, successfully completed the acquisition of Citco Global Securities Services Limited (CGSS). With the integration of around 300 Citco employees, the Cork-based office is now Clearstream’s largest operational hub for
Quintillion Limited is a European-based affiliate of U.S. Bancorp Fund Services, a global alternative administrator with assets under administration of USD117bn, with Europe’s AuA totalling approximately USD19bn. Over the last two years, Quintillion focused on making structural changes to the
The Financial Conduct Authority (FCA) has imposed fines totalling GBP1.1 billion (USD1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations. The banks and their respective fines are: Citibank NA
The London Metal Exchange (LME) has launched two market-wide consultations concerning enhancements to its physical delivery network and to the LME Warehouse Agreement. “We are pleased to be able to issue these two consultations following our recent success in the
Julian Rifat, a former senior execution trader at Moore Capital Management has pleaded guilty to an indictment reflecting eight instances of insider dealing. Profits from the dealing exceeded GBP250,000. Rifat is the third individual to plead guilty to insider
By Kavitha Ramachandran, Maitland – As the alternative investment market matures, investors are increasingly demanding far more information and transparency from fund managers in return for their capital. Transparency is the new name of the game. In this regard, the Alternative
