Industry Insight - Page: 4
12 Jun 2018
For years, EU politicians and regulators have grappled with how to tighten securitisation regulations without overly hampering the market and foregoing the positive effects that securitisation has on the economy. Acknowledging these dynamics, the European Parliament, Council and Commission introduced a new regulatory framework for securitisation transactions in the EU which includes the concept of simple, transparent and standardised securitisation and provides for a set of common requirements for risk retention.
21 May 2018
MPMF Fund Management (Ireland) Limited has announced its engagement with LGIM Managers (Europe) Limited to provide designated persons to support its Irish management company.
21 May 2018
As 'open market' US CLOs are now exempt from US risk retention rules, Maples Fiduciary has undertaken a third survey of its US CLO manager clients to assess the impact of the ruling and how managers think the market will evolve as a result.
19 Apr 2018
The Cayman Islands Monetary Authority has noted that for a Cayman Islands investment entity to comply with the Anti-Money Laundering Regulations (2018 Revision), it must designate a natural person, at managerial level, to act as its Anti-Money Laundering Compliance Officer, Money Laundering Reporting Officer and Deputy Money Laundering Reporting Officer.
10 Apr 2018
Both the financial crisis and the Weavering case highlighted significant deficiencies in the way some fund managers approached the role of appointing directors to the board resulting in more independent non-executive board members now being appointed. While high quality, engaged independent directors add value throughout the life of a fund, these individuals play an especially critical role when a fund is facing challenges.