The European Commission has launched an open consultation, based on an online questionnaire, concerning the regulation of the depositories used in the EU to hold assets on behalf of investors in collective investment funds such as unit trusts and SICAVs. These collective funds are known as undertakings for collective investment in transferable securities (UCITS). They are established in all Member States and represent the equivalent of around 35 % of EU GDP. As well as holding assets for safekeeping, UCITS depositories protect investors’ interests by seeking to ensure that fund managers comply with their regulatory and statutory duties. The consultation follows a mandate from the EU’s Council of Finance Ministers in June 2001 and aims to collect views on how best the regulation of UCITS depositories can protect investors and reinforce the financial system. Current regulation stems from the EU framework set out in Directive 85/611/EEC. The questionnaire is available on the EC’s Europa website.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more