After more than a decade of policy debates, yesterday was a red-letter day for the US asset management and broker-dealer industries. The US Securities and Exchange Commission (SEC) voted 3-1 to approve Regulation Best Interest, a set of rules aimed … Continue reading SEC Votes in Favor of Regulation Best Interest But Will This Be Their Final Answer?
May 25, 2018 represented a sea change in the protection of personal data globally when the EU began enforcing the General Data Protection Regulation (GDPR). GDPR, which aims to enhance and harmonize data protection laws across the EU, continues to … Continue reading One Year Later, A Conversation on GDPR
Regulatory authorities from time to time point out that one of the lessons of the financial crisis was the importance of culture in financial services firms, often referred to as “tone from the top.” Around the globe, regulators continue to … Continue reading UK’s New Rules for Executives Raise the Bar for Asset Manager Accountability
The International Organization of Securities Commissions (IOSCO) is a highly influential consortium of global regulators whose members cover 95% of the world’s securities and futures markets across 115 jurisdictions. Given IOSCO’s expansive reach, many consider the association as the global … Continue reading IOSCO Maps Out 2019 Global Regulatory Focus
“When we try to pick out anything by itself, we find it hitched to everything else in the universe.” — John Muir The adoption of well-intentioned investor protection legislation can come with unintended (and sometimes harmful) consequences. For example, when … Continue reading Regulators and the Law of Unintended Consequence
With China making great strides to liberalize its financial markets, it’s no surprise that foreign investors are keen to join the party. While asset managers found a relatively easy path to acquiring Chinese equities using a solution that goes through … Continue reading Access Granted: CBI Green Lights China Bond Connect