Some alternative managers have pro-actively adapted their business strategy and practices to minimise exposure to the emergence of heavyweight regulations such as MiFID II. However, it is not always desirable or easy to segment your business this way. With the introduction of Solvency II, we saw that the intended target of the regulation (insurers) is…

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There’s an interesting philosophical question posed by the implementation of MiFID II about whether something exists only when it can be seen or known. The source of this rather “deep” enquiry? The funds of funds sector. Funds of funds and multi-manager strategies have always prompted more interesting questions in regulation that their more straightforward equity/bond…

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There are two ways of looking at the introduction  of the Packaged Retail and Insurance-based Investment Product (PRIIPs) rules from an insurer perspective: the first is to bemoan, justifiably, the increased burden they now face, and the difficulties in extracting the data for the Key Information Document (KID) from the disparate snippets of information available…

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As the leading data exchange serving the European regulatory market, we have an overview that few others can enjoy. We get to see the perspective of both those who provide data under MiFID II and those who need the data. These two groups can also generally be neatly broken down (at least regarding product governance…

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  The process of regulation is not designed to be easy for the actors involved.  Companies do not have the luxury of waiting around for things to be done for them. Instead, they must take ownership early in the regulatory cycle to make sure that, when the rules are implemented, they can be executed to…

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J O Hambro Capital Management Limited (JOHCM), the international investment boutique has contracted Silverfinch to address the steep rise in regulatory reporting requirements the firm is facing. Silverfinch, the leading look-through and data distribution hub for client regulatory reporting, recently announced its unique quadruple data solution, providing regulatory support across PRIIPs, VAG, GroMiKV and Solvency…

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MiFID & PRIIPs Part two of our blog on the overlap between the MiFID and PRIIPs regulations. The range of disclosure types between the two regulations is broad but can be summarised under the following headings: cost, risk, performance & complexity.  Disclosures: Cost Both PRIIPs and MiFID II focus on completeness and product cost disclosures, and indeed…

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MiFID & PRIIPs The decision to delay PRIIPs by a year means that this new regulatory system will come into force at the same time as MiFID II at the start of 2018. In this thought piece (part 1 of 3), CTO Ronan Brennan, outlines the operational overlap between these two testing and important sets…

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What happened in 2016… The whimper: after years of planning, and a process riddled with delays, Solvency II is up and running, but instead of a full-on implementation, what we have got is a piecemeal introduction, with many smaller insurers given a pass on submitting key data during the first year. Will future implementations of…

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Implementation of Solvency II Uncertainty in the implementation of Solvency II, demonstrated clearly by what has been going on in Germany, has implications across the asset management and insurance industries Certainty is undoubtedly good – even more so in the realms of finance. Common sense tells us that securities with a higher degree of certainty…

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