Lois et réglementation

Tokenisation is the next step for the asset management industry. So says not only Larry Fink, Blackrock’s CEO, but also Jeroen van Oerle, manager of Lombard Odier’s fintech strategy. He sees the potential impact mainly in private markets.

Beaucoup de paperasserie, des questions difficiles sur l’origine des actifs, de longs délais d’attente pour l’ouverture d’un compte… Pour les clients des institutions financières, y compris les banques privées, les nombreux contrôles ont constitué une source majeure de frustration au cours de la dernière décennie. Mais la situation est en train de changer, grâce à une vague d’automatisation et de numérisation, ainsi qu’à une attitude moins rigide de la part de la Nederlandsche Bank.

La SEC tente d’imposer aux fonds de capital-investissement une plus grande transparence en matière de rémunérations et autres frais. Les avocats de ces derniers affirment que la SEC n’a aucune compétence en la matière. La justice va trancher.

Luxembourg investment firms will have to provide annual self-certifications on key aspects of central administration, internal governance and risk management, according to a new rule introduced by financial supervisor CSSF.

A focus on sustainability, digital resilience, and regulatory compliance will significantly influence investment strategies and operations, demanding heightened vigilance and adaptability from global asset managers. As Investment Officer Knowledge Partners, Tom Loonen, Lous Vervuurt and Jan Saalfrank at Pinsent Masons review key developments in Luxembourg and Dutch fund matters.

The European Commission is contemplating an alternative route towards a swift adoption the EU’s regulatory and technical standards for the forthcoming generation of European Long-Term Investment Funds under the new Eltif 2.0 regulation.

While Wall Street is pulling out all the stops to curb ‘Basel III Endgame’, private lenders are in pole position for implementation of the banking rules. The price at which US big banks can borrow money will be skillfully undercut by private credit funds, but critics in the banking sector denounce the lack of effective supervision of the ‘non-bank’ lenders.  

The trade association representing Europe’s fund and asset management sector has urged the executive body of the European Union to ensure that the correct technical standards are introduced. These standards are regarded as vital for the success of the new regime for European Long Term Investment Funds, known as Eltif 2.0.

En 2023, le soutien des principaux gestionnaires d’actifs mondiaux aux propositions d’actionnaires concernant les enjeux environnementaux et sociaux est tombé à son niveau le plus bas. Ce recul est presque entièrement imputable aux acteurs anglo-saxons.

European financial services had witnessed a marked decline in global market share over the past 15 years, particularly within the asset management sector. While reviewing the competitiveness of Europe’s financial sector, OMFIF and Luxembourg for Finance have identified Europe’s strengths and weaknesses.