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By Antoine KREMER, ABBL
The Alternative Investment Fund Managers Directive (AIFMD) is a cornerstone of EU legislation on depositary banks. It will not come as a surprise that when the Commission launched its consultation on the planned AIFMD review on 22 October, a few questions unavoidably touched upon depositaries. What difficulties do depositaries face in exercising their functions in accordance with the AIFMD? Is it necessary to define and regulate aspects of the AIFMD tri-party collateral management services? Are rules on prime-brokers clear?
Beyond the more technical...
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