Thu, Oct 27, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

UK FSA shifts to twin peaks model, seeks industry guidance on AIFMD

Wednesday, February 08, 2012

Hector Sants
Bailey McCann, Opalesque New York:

In response to the global financial crisis and mounting political pressures to more aggressively regulate the financial services industry, the European Commission passed the Alternative Investment Fund Managers Directive (AIFMD) in July, 2011, more than two years after it was first proposed. Since then, member states have been working to implement the slate of regulations for the July 2013 deadline.

On Monday, the UK’s Financial Services Authority (FSA) published a discussion paper asking fund managers for comment on how best to implement the AIFMD by 23rd March, 2012.

The paper was the first in several significant moves this week toward a new era for the FSA.

Also on Monday, Hector Sants, Chief Executive of the FSA announced that the authority will transition to its "twin peaks" model on April 2, 2012 with full, official transition completed by 2013. According to the FSA, the twin peaks model replicates other financial authorities in the European Union (EU) which utilize both a regulator and a conduct group. The model is designed to be more proactive and rigorous than the existing FSA.

Sants asked firms in the speech to......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  2. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  3. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  4. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion

  5. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso