As the FSA launches a two-part consultation to transpose the Alternative Investment Fund Managers directive (AIFMD) into UK law, Deloitte, the business advisory firm, says the policy positions taken will affect how the directive applies to investment trusts, hedge fund
The Financial Stability Board (FSB) has published for public consultation an initial integrated set of policy recommendations to strengthen oversight and regulation of the shadow banking system. The “shadow banking system” can broadly be described as “credit intermediation involving entities
Half (52 per cent) of industry bosses think that current regulation will have little or no impact on making the financial services world more stable and three quarters (73 per cent) suggest it will have little or no improvement to
JP Morgan has achieved a milestone in US tri-party repo market reform, completely eliminating more than a third of its intraday credit exposure related to the unwind of tri-party repos. JP Morgan has become the first tri-party agent to offer
The Securities and Exchange Commission today charged Stamford, Connecticut-based hedge fund advisory firm CR Intrinsic Investors LLC and its former portfolio manager along with a medical consultant for an expert network firm for their roles in a USD276 million insider
The majority (82 per cent) of fund managers feel that heavy regulation is the main issue facing the industry over the coming 12 months, according to research by KNEIP. The figures are based on the results of a recent
Apex Fund Services has expanded its private equity services following regulatory approval to open an office in Guernsey. Apex’s fund managers, particularly in the LATAM, Middle East and Asian emerging markets, continue to demonstrate their growing demand for private equity
The US Commodity Futures Trading Commission has filed a civil complaint charging Intrade The Prediction Market and Trade Exchange Network (TEN), based in Dublin, Ireland, with offering commodity option contracts to US customers for trading, as well as soliciting, accepting
As the Financial Services Authority’s consultation on changes to the way investment firms handle cash on behalf of clients closes, business advisory firm Deloitte has identified 16 changes that are likely to increase costs for banks and brokers, and directly
Amber Partners, an operational risk certification firm for the hedge fund industry and specialist in hedge fund operational due diligence, has issued a white paper looking at cash transfer controls. According to the white paper, “Cash Transfer Controls – getting
