In line with the EU action plan for financing sustainable growth, the Cyprus Securities and Exchange Commission (CySEC) has confirmed its commitment to comply with sustainable finance standards.
Asset managers face ‘significant’ compliance costs to adapt to the new EU Sustainable Finance Disclosure rule which starts to take effect from 10 March, a new report published by Bloomberg Intelligence (BI) says.
Financial services firms have planned to move an estimated GBP1.3 trillion in assets from the UK into the EU since the Brexit referendum, according to the latest estimates from EY’s Financial Services Brexit Tracker.
There are now only 30 days left for Irish-domiciled UCITS, structured as SelfManaged Investment Companies (SMICs), and Internally Managed AIFs to finalise and approve their action plans detailing how they will address the substance requirements set out in the Central Bank of Ireland’s Letter of 20 October 2020.
The European Fund and Asset Management Association (EFAMA) has shared its recommendations to the European Commission on measures to be taken to improve the European Long-Term Investment Fund (ELTIF) regime.
As Europe’s asset management industry readies itself for sweeping reforms to sustainability regulations, leading finance lawyers Matthew Baker, Bernd Geier, and Chris Ormond from international law firm Bryan Cave Leighton Paisner say the reforms hold many exciting opportunities for asset managers.
EFAMA has added its voice to calls from the French and Dutch financial market authorities’ for European regulation of ESG data, research and ratings.
Calls for tighter regulation on the EUR1.4 trillion European money market funds sector have been called “misguided” by the industry, which disputes the claims that central bank intervention prevented a fund liquidity crisis in March.
By Stéphane Badey, Arendt – These are uncertain times, but three solid trends driving the Luxembourg investment funds market can be highlighted.
The private equity industry is currently navigating a number of challenges in addition to the Covid-19 pandemic, which the whole world is facing. As regulation and political will around environment, social and governance (ESG) factors grows, PE firms are coming under increased pressure to incorporate this approach into their investment strategies. These firms are also keeping a close eye on the progress of the Brexit negotiations to make sure to maintain their access to Europe.