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Here are the key points from the Irish Funds Industry Association (IFIA) Conference which took place on 14 April 2015 in London.
 

  • Sanctions from the US and EU are crippling with a number of companies present acknowledging the challenges facing Russian market infrastructure and financial institutions. The US Treasury Department’s Office of Foreign Asset Control (OFAC) has prohibited any US person from transacting in new debt or equity issued by a select group of Russian corporates, banks and energy conglomerates. The EU has imposed similar sanctions on securities issued by several well-known Russian banks including Sberbank, VTB Bank, Gazprombank, Vnescheconombank and Rosselkhozbank.

Saudi Arabia is likely to liberalise its markets over the course of 2015 in what could be an enormous opportunity for emerging markets-focused fund managers, according to HSBC Securities Services.

Denise Jud, Executive Director, Head Legal Distribution at Swiss & Global Asset Management, spoke during the ITAS conference in February 2015 on whether UCITS & AIFMD passporting rules provide a sufficient framework to advance cross-jurisdiction selling, the main regulatory drivers in cross-border fund distribution outside Europe and what the challenges and opportunities for the fund distribution landscape with the upcoming MiFID II legislation are.

 

Thomas Murray IDS editor, Charles Gubert, attended ALFI's Spring 2015 Conference earlier this week. Here are some of the key findings from the conference...

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