Tue, Oct 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Regulatory extraterritoriality is not all that bad

Tuesday, April 15, 2014

amb
Bill Mulligan
Benedicte Gravrand, Opalesque Geneva:

Two compliance experts discuss financial regulatory extraterritoriality, the current confusion among European fund marketers, new managers’ stance toward the AIFMD, and the beauty of technology within compliance practices.

Extraterritoriality, the application of a law outside its territory (or the exemption of one), has become an issue for fund managers as they have to deal with several regulators from many jurisdictions.

But once managers work through what needs to be done, then things can clear up. Cordium, a compliance and regulatory services provider to the financial services industry, is one of those houses that managers go to to get help to coordinate the procedures.

"As business becomes more global, it’s inevitable that regulators around the world will be responsible for different aspects of firms’ businesses, and firms have historically dealt with that as a patchwork of "I’ll comply with that regulator and this regulator,"" Stephen Burke, managing director at Cordium’s London offices, explains to Matthias Knab in a recent Opalesque TV interview.

"What extraterritoriality does is essentially bring all of that home," he continues, "so for instance you have got firms based here in London that are regulated by the FCA, CFTC, the FINRA and the SEC all at once, and they haven't even left the UK. Then, as they grow and they move ......................

To view our full article Click here

Banner

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. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. Sparx optimistic about outlook for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: According to SPARX, there are causes to be optimistic about the outlook for the Japanese market and the country's economy in general. Sparx Asset Management is a Tokyo-based asset manager, part of