Investment funds are on the radar of the G20, the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD). They will play a key role in the future vis-à-vis economic stability and in the world economy, said Luxembourg’s finance minister Pierre Gramegna.
Financial services firms must significantly improve their governance and controls of benchmark activities or face closer regulatory scrutiny, says the UK Financial Conduct Authority (FCA).
Financial professionals would reduce their use of research obtained through commission sharing arrangements (CSAs) if they had to pay cash for it, according to an industry survey.
Plans to raise minimum net worth requirements for accredited investors will damage business growth and not protect investors from making inappropriate investments, says the Hedge Fund Association (HFA).