This is the 1st report on Investment Funds statistics from IOSCO, but it is due to become an annual exercise. It covers hedge funds, open-ended and closed-ended funds (although IOSCO caveats this, due to more limited data on open- and closed-ended funds in certain jurisdictions). IOSCO report link: https://www.iosco.org/library/pubdocs/pdf/IOSCOPD693.pdf
The US SEC issues CFR 17 Parts 270 and 274, a (very lengthy...) proposed set of rules to amend the governance of Money Market Funds (MMF) and increase their resilience in times of stress. In particular, the proposed rule would remove the liquidity fee and redemption gate provisions contained in the existing rule. The idea [...]
OMFIF publishes its second edition of Global Public Pensions, which provides insights into the portfolio allocations of a curated group of 100 leading global public-sector asset owners. That group of investors appear to have had a "pretty good" COVID crisis, with total assets of the 100 funds growing by around 10%, to $14.4tn, as equity [...]
The FCA issues a Policy Statement to implement the prudential regime applicable to Investment Firms (the IFPR). The regime will apply to many UK registered firms: any MiFID investment firm authorised and regulated by the FCA that is currently subject to any part of the Capital Requirements Directive (CRD) and the Capital Requirements Regulation (CRR) [...]
The Centre for Economic Policy Research publishes a compendium of articles on Climate Change covering such items as economics, growth, GHG emissions targets, carbon pricing, carbon taxes, green finance, the central banks impacts, the political aspects and North / South divide facing the climate risks. Access to CEPR on the VOX EU website: https://voxeu.org/content/combatting-climate-change-cepr-collection [...]
The Glasgow Financial Alliance for Net Zero (GFANZ) issued its first progress report, ahead of COP 26. A key feature of the report is the global outreach that the Alliance has now reached across the globe, both in terms of signatory members and in the amount of investment they manage collectively. The GFANZ report can [...]
IOSCO issued a consultation on the topic of disclosures in Asset Management on 30th June 2021. Based on the feedback received (45 submissions), IOSCO has finalised its list of recommendations, with the stated goal of improving sustainability-related practices, policies, procedures and disclosures in the asset management industry. IOSCO has summed up its views into 5 [...]
Worldwide cities must look at the way we manufacture, design, and build and must support the right technologies and planning systems. Cities need to re-address the way they plan, build and invest in order to support a growing population in a sustainable way. More info on https://www.climateaction.org/webinars/transition-summit-cities
Aligning cross border initiatives to enhance ESG and responsible investing. More info on https://events.climateaction.org/sustainable-investment-forum-north-america/.
Proposed rules (and consultations on the changes) to introduce the Investment Firm Prudential Regime (IFPR). IFPR is the new prudential regime for UK firms authorised under the Markets in Financial Instruments Directive (MiFID). FCA also introduced proposed changes to PRIIPS. See the IFPR Policy Statement - https://www.fca.org.uk/publication/policy/ps21-9.pdf See the publication of the Consultation Paper on [...]
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