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Nearly two-thirds of equity analysts (61 per cent) who cover global capital markets institutions expect regulatory pressures on banks to intensify further through 2020, with potential new capital rules, informally known as "Basel IV," likely to have the greatest effect on their operations.
That’s according to a global survey of nearly 150 buy-side and sell-side analysts by Broadridge Financial Solutions who canvassed analysts across the US, Europe and Asia on their outlook for banks and their views on the industry's opportunities and challenges over the next five years.
The report, “Restructuring for Profitability," reveals that more than two-thirds of analysts
Options available to fund managers marketing into Europe under the Alternative Investment Fund Managers Directive (AIFMD) will be the focus of a Guernsey funds masterclass in London next year.
The event, which takes place at the British Museum on Wednesday 3 February, will feature a panel debate among leading figures from the funds industry and a keynote speech from Lord Flight. The panel discussion will examine the benefits and suitability of National Private Placement (NPP) regimes and third country passporting under AIFMD.
In July the European Securities and Markets Authority (ESMA) made its recommendation to grant Guernsey a third country
Luxembourg is prepared and has a key role to play in ensuring the success of the new European Long-Term Investment Funds (ELTIFs), which came into being this week, according to the Association of the Luxembourg Fund Industry (ALFI).
ELTFIs have been established by the European Commission in a bid to give new impetus to the continent’s economic recovery.
“The objective of the EU in setting up ELTIFs was to boost smart, sustainable and inclusive growth,” says Denise Voss (pictured), Chairman of ALFI. “Take-up of the new funds may be a gradual process, but we believe that Luxembourg has the in-depth
Linedata has partnered with NetWorth Services to offer Linedata Admin Edge clients access to NetBasis, NetWorth’s automated solution for the calculation and reporting to the IRS of the adjusted cost basis of sold mutual funds.
NetBasis will automatically interface with Linedata Mshare transfer agency system, drawing on the data required to determine the adjusted cost basis for mutual funds. Linedata Mshare forms a key part of the Linedata Admin Edge platform, an end-to-end fund administration solution for third party administrators, mutual funds, hedge funds and liquid alternative funds.
The automation of these processes will enable Linedata Admin Edge users
MarketAxess Holdings has added the ability to trade local currency Asian bonds to its electronic trading platform.
The initiative is part of a commitment to expanding in the Asia Pacific region which includes opening an office in Hong Kong, the second in the region, alongside the existing office in Singapore.
Asia-based platform participants benefit from access to an expanding global credit trading community that includes over 1,000 institutional investor and broker-dealer firms, through MarketAxess’ award-winning electronic platform.
MarketAxess has added the ability for platform participants to trade local currency bonds denominated in Indonesian Rupiah (IDR), Thai Baht (THB) and Singapore
The current bull market started in March 2009 and is now in its 80th month. Like the bulls of the past, this current one will end, maybe not just now, but eventually. Our models don’t detect a bear market yet, but this is a "seasoned" bull – there were only two other bull periods since the 1930s which lasted longer than the current one. The graph below compares the duration of the current bull market with previous ones for the S&P 500.
By historic comparison this bull is long in the tooth; it might continue for a while and set
The number of alternative asset managers grew by 15 per cent in the third quarter of 2015, according to a new report from Convergence, the Q3 update on the State of the Union of the Alternative Asset Management Industry.
The report, which focuses on business trends amongst alternative asset managers, related assessments of changes in operating complexity and risk, and changes in operating productivity, uses data sourced from SEC filings and enriched to provide a unique view into the infrastructure of over 16,000 RIA's. In Q3 2015 5,300 Advisors updated Form ADV.
It reveals that The Complexity Index, which is
The threat of cyberattacks is growing within the hedge fund community, requiring managers to put in place policies and procedures that address the cybersecurity risks unique to their firm. This goes beyond merely acquiring technology and hoping for the best.
"This year we see the emergence of Chief Information Security Officer (CISO) roles that will help hedge fund managers understand their risks and how the technology is aligned to mitigate those risks. It's about making sure that network professionals are using the right tools applicable to the firm's investment strategy," explains Mike Asher (pictured), CIO at Richard Fleischman & Associates
These are exciting times for the financial technology sector. In the last few years, market complexity has grown in response to increased regulatory demands, increased investor due diligence requirements, more complex fund strategies and even how hedge funds manage their balance sheets with their prime brokers.
These demands are in turn putting pressure on technology specialists to innovate. One firm that is helping pioneer the way that hedge funds streamline their operations is Eze Software Group. According to President Jeffrey Shoreman (Pictured), "we feel we are driving innovation in this space by bringing together front, middle and back office functionality
DMS Offshore Investment Services (‘DMS') Limited was established in the Cayman Islands by Don Seymour in 2000. Over the past 15 years it has grown into one of the industry's leading fund governance firms with over 200 people.
One of the big focuses for the firm is ongoing regulation, in particular AIFMD and FATCA. With respect to FATCA, DMS stole a march on its competitors in 2014 by establishing a FATCA Responsible Officer (FRO) role.
"Our principal, Don Seymour, identified FATCA as an area to work on three years ago. We got the teams set up, the systems and the
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