A potential AIFMD passport and UK equivalence could smooth the way for UK custodians to expand their depositary services across the EU market.
Industry body has called for the UK fund market to construct a new fund vehicle that can compete with the dominance of UCITS and AIF structures in Asia-Pacific.
ESMA stated the growth in alternative investment funds NAV was associated to increased launches of new products in Europe.
A growing number of European regulators and investors have expressed concerns about the liquidity risk management practices at daily dealing UCITS funds.
Financial authorities across Europe are not all singing the same song when it comes to regulation of UK funds post-Brexit, finds Charles Gubert.