It’s not just property funds that are causing headaches
As long and short-termism rise in financial markets
Rules are bigger challenge for Ucits and MMFs than alternatives says specialist data firm NeoXam
Costs not covered in management fee handled differently by local authorities hindering competition, says Lipper
Agreement signed between the FCA and Esma covers cooperation and exchanges of information in event of ‘worst case scenario’
As hopes for deal hang in balance an increasing number of firms are drawing up plans for cliff-edge exit
UK-based asset managers may have to shift operations to the EU 27 if a transition agreement is not agreed, and Esma is pushing hard to ensure regulatory convergence across the bloc regarding moves.
The European Securities and Markets Authority (Esma) is turning up the heat on asset managers, highlighting the impact of fund charges on returns in a fresh report. Fund fees wipe out an average 20% of gross returns, according to the regulator.
Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.
A European watchdog has urged a crackdown on investment firms setting up ‘letter box’ entities across the continent in the wake of the Brexit vote.