While revising the EU’s Money Market Funds Regulation has taken the better part of a decade, July’s implementation deadline is coming into sight. However, one critically important policy issue remains unresolved. Now, both policymakers and asset managers have key decisions to conclude.
The European Securities and Markets Authority (ESMA) is following the lead of the Financial Conduct Authority (FCA) in the UK by looking at fund competitiveness and joining the industry’s active versus passive funds debate.
The European Commission recently proposed substantial changes to the cross-border finance supervisory model. Here’s what UCITS and AIFMD managers need to know.
We recap the regulatory developments in Q3 and highlight what to expect next quarter.
In recent months, the EU’s Markets in Financial Instruments Directive (MiFID 2), the US Department of Labor’s Fiduciary Rule, and Brexit have dominated the headlines and minds of global asset managers. As 2018 approaches, there’s another significant regulatory shift on the horizon that should not be forgotten.