Asset Management

We spoke to Robert Goldbaum, SVP product & market strategy at Backstop Solutions about how regulation is affecting the environment for asset managers and investors.

On Tuesday 01 March, Thomas Murray hosted a half day event in London entitled Post-Trade Risk Roundtable. The event sought to explore the regulatory hurdles being faced by those involved with the funds industry, and how firms can prepare to clear these challenges in their post-trade networks.

Topics discussed on the day included: 

The European Securities and Markets Authority (ESMA) has published a consultation paper outlining options on asset segregation under the Alternative Investment Fund Managers Directive (AIFMD).

The dust is just beginning to settle on the Alternative Investment Fund Managers Directive and fund, investment and asset managers are getting into the swing of compliance with it. This is not a Directive that has caught anyone by surprise, so the industry has had time to steady itself and get ready for its implementation. Despite this, there are still some areas that are yet to be resolved at a regulatory level, not least the important issue of segregation at prime brokers.

One of the major issues still to be resolved ahead of the 22 July implementation deadline for AIFMD (the Alternative Investment Fund Managers Directive) is that of asset segregation at third parties of depositary banks. Under the directive, depositaries will be forced to assume strict liability for the restitution of lost fund assets in their counterparty network.

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