All articles by Jeremy Woolfe – Page 12
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News
Barnier calls for 'dynamic compromise' but sticks to script ahead of AIFM vote
EUROPE – EU commissioner Michel Barnier has said he is hopeful that the Alternative Investment Fund Managers (AIFM) Directive will remain "as close as possible" to its original proposals ahead of this evening's vote by the European Parliament's Economic and Monetary Affairs Committee (ECON).
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News
Threat of AIFM impasse as UK looks to hold firm
EUROPE - The European Parliament is facing an impasse over its proposed Alternative Investment Fund Managers (AIFM) Directive due to UK resistance, according to the rapporteur for the Economic and Monetary Affairs Committee (ECON).
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Opinion Pieces
IORPs back on agenda
A planned wide-ranging green paper on the state of pensions in the EU is causing anxiety in the industry. The ‘holistic’ approach of the European Commission policy paper – due to be presented in the summer – could throw into question the current ceasefire over the solvency issue for the ...
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News
JURI votes unanimously in favour of AIFM amendments
EUROPE – The European Parliament’s Legal Affairs Committee, otherwise known as JURI, has voted unanimously in favour of proposed amendments to the EU’s controversial Alternative Investment Fund Managers (AIFM) Directive.
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News
JURI to vote on AIFM amendments
EUROPE - Further changes to the EU’s Alternative Investment Fund Managers (AIFM) Directive are today being aired in Brussels by the Legal Affairs Committee in the European Parliament.
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Opinion Pieces
Boost to derivatives legislation
Flesh is being added to the bones of the proposed regulation to cover legislation of the vast derivatives markets in the EU, and the European Parliament’s EP Economic and Monetary Affairs Committee (ECON) is generally welcoming of the tough stance put forward by its co-ordinating MEP.
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Opinion Pieces
Capital is not a panacea
Brussels, the Basel Committee, and other regulators striving to increase the minimum reserves of the banks have apparently got it wrong. Regulators wanting to reduce the risk of a further financial and economic crisis should concentrate their efforts somewhere else, according to the European Banking Federation (EBF).
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News
Spanish Presidency puts 'protectionist' AIFM clause back in
[15:00 CET 19-02] EUROPE - The hedge fund industry is protesting against the reinsertion of what is considered to be a ‘protectionist’ clause in the EU’s proposed Alternative Investment Fund Managers Directive of provisions, relating to third country dealings.
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Opinion Pieces
EFRP sets out its stall
The European Federation for Retirement Provision (EFRP) has called for a more logical, thought-out and co-ordinated approach to pensions policy in the European Union in its strategy paper, “Beyond the crisis: Workplace Pensions”.
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News
European Parliament paints gloomy forecast for pensions
[16:30 CET 28-01] EUROPE - The impact of population ageing in the European Union is ten-fold that of the damage caused by the economic crisis, a briefing paper presented to the European Parliament has suggested.
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Opinion Pieces
A year of execution
The year ahead in Brussels will be one of implementing measures to tighten financial legislation. But will the financial services regulatory programme align with the plans of the G20, or be diluted under pressure from one lobby after another? Whatever the outcome, no-one should expect a bump-free ride.
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Opinion Pieces
AIFM Directive delayed
Delayed scheduling in Brussels of the Alternative Investment Fund Directive — by about six months — might be bringing smiles to the faces of the anti-reform lobby. They would not mind at all that the Directive’s final clearance, through a European Parliament plenary session, is now estimated for June or ...
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News
Gauzès proposes 138 changes to AIFM Directive (additional comment)
[16:55 CET 27-11] EUROPE - Jean-Paul Gauzès, rapporteur for the European Parliament’s Committee on Economic and Monetary Affairs has proposed 138 changes to the European Commission’s Directive on Alternative Investment Fund Managers (AIFM), in a draft report published yesterday.
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Opinion Pieces
WMD under fire
Brussels is set to regulate the over-the-counter derivatives market, but it could still be some time, perhaps years, before the European Commission achieves implementation of any legislative steps across the member states.
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Features
Sorry, we forgot
At IASB’s July staff meeting on pensions, two concerns sprang to mind. One was the risk of too many cooks spoiling the broth. The other was that in addition to the other woes that have plagued her project, senior project manager Anne McGeachin has had human resource management added to the list.
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Opinion Pieces
AIFM: "Blood and guts"
The European Commission’s proposals for its Alternative Investment Fund Managers (AIFM) directive faces a tough time as it progresses through the European Parliament, and there could be blood and guts flying during hearings in the Economic and Monetary Affairs (ECON) committee.
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Opinion Pieces
A golden age
“Dealing with the impact of an ageing population in the EU,” a communication from the European Commission, kicks off with the joyful view that: “For the first time in history, the vast majority of Europe’s citizens are able to lead active, healthy and participative lives well into old age.”
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Opinion Pieces
Solvency II
The European Commission called representatives of the European pensions and insurance industry and member state officials to a public hearing in May to thrash out a harmonisation of solvency rules for cross-border company pension schemes (IORPs). But most attendees were not receptive.
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News
Investment ‘bleeding’ has stopped, claims EFAMA
EUROPE - Ucits collective investment schemes saw net inflows of €22bn for the opening three months of 2009, in marked contrast to net outflows recorded for the previous six quarters since the credit crisis began.
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News
EC to regulate alternatives managers worth over €250m
[14:00 CEST 21-04] EUROPE - Managers of hedge funds, private equity and real estate funds would escape regulation under a proposed European Commission directive targeting alternative investment fund managers, if their assets under management total less than €250m.
