Mon, May 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Irish Central Bank to scrutinize lending funds, acknowledges vital role in overcoming funding gap

Tuesday, July 30, 2013

Bailey McCann, Opalesque New York:

The Irish Central Bank has released a new discussion paper on loan origination by investment funds. In the paper, central bank officials have opened a discussion on the possibility of removing the prohibition on the origination of loans by alternative investment funds. The paper is meant to serve as a framework guiding a public comment period open until September 13, 2013.

UCITS funds have been prohibited from engaging in non-bank lending since 1985, an approach which has also held for some alternative investment funds in Ireland, however that may shift. "There is nothing in the AIFMD itself prohibiting an AIF marketed by an AIFMD-compliant AIFM from engaging in loan origination. The AIFMD regulates investment fund management rather than investment fund constitution, so it is not surprising that the AIFMD does not seek to regulate the investment strategies and activities of the AIFs themselves and does not therefore consider the merits or otherwise of loan origination. Irish authorised AIFs continue to be prohibited from engaging in loan origination because the Central Bank has used its discretionary powers under domestic law to prohibit them from doing so. However, the Central Bank has also indicated its willingness to consider higher risk profile options for Irish authoris......................

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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner