The European Supervisory Authorities (ESAs) are a triumvirate of EU regulators representing the securities market, insurance, and banking and collectively oversee the EU financial sector. For several years, the ESAs have been working to frame a suitable investor disclosure regime … Continue reading EU Regulators Answer Industry’s PRIIPs Call
“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
Adrian Whelan recently spent time in New York, the first stop on the speaking trail was the UCITS & AIFMD for US Managers conference, which provided a forum to discuss various issues pertaining to regulated funds in Europe including Brexit … Continue reading Conference Quick Take: Springtime in New York
The implementation of PRIIPs has been a bumpy journey. The main goals of the regulation are to increase standardization and transparency for retail investors. However, industry concerns remain and recently there were more pleas from product providers to policymakers for … Continue reading PRIIPs: The Long and Winding Road
Despite a lack of mega-regulation, between Brexit, new ETF rules, and increasing investor protections, 2018 had plenty of action for global asset managers. Continue reading 2018 Financial Regulatory Review: A Flurry of Activity
Regulators, politicians, and asset managers have divergent views on PRIIPs cost disclosures. However, it is essential that they close out this long-standing debate to avoid disrupting the UCITS ecosystem. Continue reading Unruly KIDs Could Spoil UCITS’ Well-Kept Garden