Regulators hamstrung by pandemic restrictions
Regulators hamstrung by pandemic restrictions
Financial regulators have found their investigatory powers limited by the COVID pandemic at the same time as investor scams and incidences of unlicensed advice have increased dramatically, a new global report has found.
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The report, released by the International Organisation of Securities Commissions last week, found that investors globally piled money into often new and unfamiliar asset classes to attempt to profit during the volatility of the pandemic, while “predatory firm behaviour” helped drive “retail investor vulnerabilities” and encouraged schemes to take advantage of stimulus measures.
Regulators saw “massive investment flow into alternative asset classes (such as commodities) retail investors might not be familiar with” and “substantial increase in equity trading, on-line day trading and retail OTC products trading”, the report said.
Остаются за бортом: почему после 18 диагноз ДЦП для сургутян становится приговором
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ЦБ завершил работу по организации администрирования процентной ставки RUONIA
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Selected regulatory updates of interest to the funds and asset management sector. This update reports on ESMA s final report on guidelines addressing leverage risks under the AIFMD.
Contents
Following a seasonal break, the next update will be published on 11 January 2021
AIFMD: ESMA final report on guidelines addressing leverage risks
The European Securities and Markets Authority (ESMA) has published its final report containing guidelines under Article 25 of the Alternative Investment Fund Managers Directive (AIFMD). Article 25 provides for national competent authorities (NCAs) to identify the extent to which the use of leverage in the alternative investment fund sector contributes to the build-up of systemic risk in the financial system, risks of disorderly markets, or risks to the long-term growth of the economy.