Dominic Hobson reviews Global Pension Crisis: Unfunded Liabilities and How We Can Fill the Gap

Rich Marin's new book is reviewed by Dominic Hobson.

Rich Marin,  Global Pension Crisis: Unfunded Liabilities and How We Can Fill the Gap, John Wiley & Sons 2013 

Posted on: 05 Sep, 2013
Posted in: Asset Safety

Citi

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FundForum International 2013

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Local Insights: Bringing Countries Closer to Our Clients

In an increasingly complex world, there’s no substitute for being local. Particularly in emerging markets..

Reduce capital rules for clearing brokers, says ISDA

Industry lobby calls for BCBS to loosen requirements on direct clearing member banks

Posted on: 04 Apr, 2013
Posted in: Derivatives

Canadian pension funds reveals 13% rate of return for 2012

Total assets up to £130bn following bumper year for Ontario Teachers

Posted on: 03 Apr, 2013

AIFMD prompts growth in onshore funds

The Alternative Investment Fund Managers Directive (AIFMD) has prompted strong growth in European fund domiciles, with total Assets under Management (AuM) in the EU growing by 13 per-cent to $3.7 trillion, according to a study by the Association of the Luxembourg Fund Industry (ALFI) and Oliver Wyman.

Posted on: 25 Nov, 2014
Posted in: Regulation

Low volume swaps users could exit derivatives due to suspension of early termination rights

Low volume swaps users including fund managers and institutional investors could exit derivatives if the Financial Stability Board (FSB) suspends counterparties’ early termination rights on swaps transactions during US bankruptcy proceedings.

Posted on: 21 Nov, 2014
Posted in: Regulation

Pension funds increase risk appetite

More than 75 per-cent of pension funds plan to increase their risk appetite over the next three years with a growing number bolstering their allocations into alternative asset classes such as hedge funds and private equity, according to a study by State Street in conjunction with The Economist Intelligence Unit.

Posted on: 19 Nov, 2014

Fund managers urged to have holistic approach to regulatory data gathering

Fund managers need to take a holistic approach towards regulation, particularly when it comes to gathering various data sets for different regulatory reports, according to the head of regulatory change at M&G Investments.

Posted on: 13 Nov, 2014

Fund managers advised to improve KYC on Russian clients

Fund managers need to up the ante on their Know Your Client (KYC) procedures and due diligence on prospective clients from Russia amid concerns there is limited awareness about the scope of the sanctions.

Posted on: 10 Nov, 2014

Buy-side warn on suspension of early termination rights for swaps

Industry associations including the Managed Funds Association (MFA) and the Alternative Investment Management Association (AIMA) have sent a letter to the Financial Stability Board (FSB) expressing concern about the potential suspension of counterparties’ early termination rights on swaps transactions during US bankruptcy proceedings.

Posted on: 06 Nov, 2014

UK proposal could impact beneficial owners

A UK government proposal to require beneficial owners in companies - including fund managers - to be publicly identified in a central registrar is likely to irk publicity-shy Middle Eastern and Asian investors and could damage UK competitiveness, according to an offshore law firm.

Posted on: 05 Nov, 2014

Hybrid fund vehicles urged to implement rigorous Chinese Walls

Hedge fund managers launching or acquiring equity stakes in private equity or venture capital firms must ensure they have adequate Chinese Walls in place to prevent conflicts of interest arising through separate vehicles, according to Seward & Kissel.

Posted on: 05 Nov, 2014

Asset owners taking holistic approach to collateral management

Asset owners are increasingly taking a holistic approach to their collateral management processes as a result of their growing retreat from securities lending coupled with the migration of over-the-counter (OTC) derivatives instruments into centralised clearing as mandated under Dodd-Frank and the European Market Infrastructure Regulation (EMIR), according to a Citi study.

Posted on: 30 Oct, 2014

Stock Connect delays should not alarm asset managers and investors

Delays to the much-awaited Shanghai-Hong Kong Stock Connect scheme should not alarm asset managers and investors hoping to transact in mainland Chinese A-shares amid concerns the adjournment is attributable to regulators and market participants struggling to overcome operational hurdles.

Posted on: 28 Oct, 2014
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A Curious Sermon from the Governor

A few weeks ago I was privileged to listen to a private presentation to a group of international bankers by a senior European regulator. I was struck by the force of his emphasis, not on the detail or purpose of formal regulation, but on the growing exasperation of regulators everywhere with the unceasing ability of the banking industry to produce bad people and embarrassing scandals.

Posted on: 11 Jun, 2014

Paul Woolley is digging at the foundations of modern portfolio theory

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Posted on: 17 Mar, 2014

EMIR trade reporting and EU LEIs one month in

The European Market Infrastructure Regulation (EMIR) trade reporting mandate has been in full swing for one month now, having commenced on 12 February. It is designed to bring about increased transparency to derivatives markets in Europe in the wake of the post 2007 financial crises. Full transparency, however, can only be possible once every legal entity in Europe with a reporting obligation is reporting.

Posted on: 12 Mar, 2014
Posted in: Regulation