Claire Wilson
Policymakers are focused instead on establishing a smoother-running single market, according to Sven Gentner, head of asset management at the EC.
The hack on the agency’s EDGAR system is not an excuse to become complacent on cybersecurity, firms are warned.
The regulator issued a risk alert after finding consistent shortcomings in the way performance is advertised.
There are pros and cons to paying a ransom and a firm’s decision should be included in its cybersecurity policy.
Michael Mazzola recently retired as alternatives head at insurer MetLife.
Quarterly reports to investors must be explicit on the use of subscription credit lines, while LPs must ask for data that discounts the impact of borrowed cash, the lobby group recommends.
Each EU member state has interpreted the marketing requirements of the directive differently, creating barriers to cross-border distribution, Brussels consultation told.
The lack of harmonised data reporting remains a problem in the private funds industry but the TPT template could be a fix.
Firms should review whether capital from reinvestment or subscription credit lines should be included in IRR calculations.
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The provision has increased across global funds, fund terms research shows.