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By David SUETENS, CEO, State Street Bank Luxembourg
The Asset Management sector is experiencing an increased and structural pressure from several and concurrent factors: geopolitical tension (related instability, macroeconomic and demographic challenges); new client demand; game changer FinTech and an intense regulatory wave. On the regulatory side, the majority of focus until now has been at fund level rather than investment firm level.
This article will comment on capital and liquidity impacts emerging from the regulatory proposal for a prudential framework applicable to investment firms, as adopted by the European Commission (EC) on December 20, 2017.
The New Proposal for Prudential...
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