Sat, Jan 20, 2018
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. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  2. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  3. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  4. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager

  5. Comment - Seeding arrangements: Structure, approach, and the current market[more]

    From international law firm K&L Gates: Private fund growth has exploded over the last several years. While some areas are hotter than others, overall the industry has seen substantial growth. Existing managers have been able to launch larger funds and new managers have been able to successfully ente