Investment Management: Regulatory Challenges Ahead
Contents, challenges and impacts of regulatory evolutions
- Understand the legal and compliance framework for UCITS
- UCITS IV and roadmap to UCITS V
- Analyze the impacts of Basel 3 and Solvency 2 on the Asset Management industry
Investment management industry in France in 2014
- Edges and assets under management
- Evolution of the asset management industry
Regulatory framework for Collective Investment Schemes
- Regulating risk
- Transparence rules
- Regulation guidelines : MIFID, FCA supervision,etc.
- How the supervisor operates and main model changes in Europe
- Norms modules and controls by UCITS category
- Constraints for investors based on the UCITS type
Solvency 2 and Basel 3 : contents and impacts on asset management
- Content and stakes of Solvency 2
- The 3 pillars
- Standard Method Vs Internal model
- Convergence with Basel 3 and calendar for implementation
- Potential impacts by asset class
- Potential impact for institutions
- Content and stakes of Basel 3
- Rationale for the reform
- Progress over Basel 2 and calendar for implementation
- Impact on financial markets
- More and higher quality capital
- New ratios
- Combination of Solvency 2 and Basel 3 complementing the Conglomerates directive
- Complementary capital
- Subsidiaries and controlling stakes in insurance companies
- Conclusions on combined impacts of Basel 3 and Solvency 2 reforms on asset management industry
UCITS IV : contents and impacts on asset management
- Calendar for implementation
- Content, new metrics and new compulsory documents
- The KID (Key Information Document)
- The SRRI (Synthetic Risk Reward Indicator, ratio for fund comparison analysis)
- European harmonisation of risk-reward measures
- Expected impacts on the European asset management industry
- Simplification of cross border fund launch - Increased investor protection
- Concentration, specialisation and differentiation of asset managers
- Options for asset management firms
- Synthesis: Combined impact of all reforms on asset management
The impact of AIFMD on the Alternative Investment Management industry
- Rationale and content of AIFM : novelty
- Costs and calendar for implementation
- Just a burden or new market opportunities ?
Case Study: roadmap for reform
Investment management industry in France in 2014
- Edges and assets under management
- Evolution of the asset management industry
Regulatory framework for Collective Investment Schemes
- Regulating risk
- Transparence rules
- Regulation guidelines : MIFID, FCA supervision,etc.
- How the supervisor operates and main model changes in Europe
- Norms modules and controls by UCITS category
- Constraints for investors based on the UCITS type
Solvency 2 and Basel 3 : contents and impacts on asset management
- Content and stakes of Solvency 2
- The 3 pillars
- Standard Method Vs Internal model
- Convergence with Basel 3 and calendar for implementation
- Potential impacts by asset class
- Potential impact for institutions
- Content and stakes of Basel 3
- Rationale for the reform
- Progress over Basel 2 and calendar for implementation
- Impact on financial markets
- More and higher quality capital
- New ratios
- Combination of Solvency 2 and Basel 3 complementing the Conglomerates directive
- Complementary capital
- Subsidiaries and controlling stakes in insurance companies
- Conclusions on combined impacts of Basel 3 and Solvency 2 reforms on asset management industry
UCITS IV : contents and impacts on asset management
- Calendar for implementation
- Content, new metrics and new compulsory documents
- The KID (Key Information Document)
- The SRRI (Synthetic Risk Reward Indicator, ratio for fund comparison analysis)
- European harmonisation of risk-reward measures
- Expected impacts on the European asset management industry
- Simplification of cross border fund launch - Increased investor protection
- Concentration, specialisation and differentiation of asset managers
- Options for asset management firms
- Synthesis: Combined impact of all reforms on asset management
The impact of AIFMD on the Alternative Investment Management industry
- Rationale and content of AIFM : novelty
- Costs and calendar for implementation
- Just a burden or new market opportunities ?
Case Study: roadmap for reform