Sat, Aug 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

IMS Group welcomes AIMA’s reminder to ESMA that investors will pay the costs of AIFMD implementation

Wednesday, September 21, 2011

Peter Moore
Opalesque Industry Update - The Alternative Investment Management Association (AIMA), the global hedge fund association, recently responded to a consultation by the European Securities and Markets Authority (ESMA) on how the Alternative Investment Fund Managers Directive (AIFMD) should be implemented.

Peter Moore, head of regulation & compliance for the IMS Group, comments on the suggestions made by AIMA:

“AIMA’s economic impact assessment of AIFMD implementation is an informed and timely reminder about the costs of regulatory change and that such costs are ultimately passed on to end-users which in the case of AIFMD are fund investors.

“All regulatory developments carry a cost. However, any new regulatory requirement should be directed towards an identified market failing and formulated upon an analysis that the benefits accruing from the new rules outweigh the costs of their implementation. The absence of an EU commissioned cost/benefit analysis at any stage of AIFMD’s development serves up one of the best examples of political interference with the regulatory environment. The mere perception that alternative funds presented systemic risk carried the day, on both sides of the Atlantic. Those perceptions are now adding to the cost of investing.

“While policy makers let industry participants and their customers down when they do not perform cost/benefit analysis and do not strive for consistency across regulatory regimes, industry participants can partially mitigate some of the costs of regulatory change by looking for synergy and efficiency in the systems and controls they have to meet the requirements imposed on them.” Corporate website: Source

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  2. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  3. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  4. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it

  5. Investing - David Tepper sells airline stocks, except Delta[more]

    From Forbes.com: Head of successful hedge fund Appaloosa Management, David Tepper shied away from airlines in the second quarter after upping his bets in the first three months of the year, according to his portfolio filing released this week. Tepper sold all of his position in United Continen