Thomas Murray spoke to Robert Goldbaum, SVP product & market strategy at Backstop Solutions about how regulation is affecting the environment for asset managers and investors.

They make up one chapter out of 12 in a set of recently revised rules published by just one regulator. Yet it would not be hyperbolic to describe the new client money rules set out in the Client Asset Sourcebook (CASS) of the United Kingdom Financial Conduct Authority (FCA) as one of the most excruciatingly detailed and prescriptive set of operational obligations imposed on investment firms, including asset managers, of any introduced since the financial crisis.

Here is a summary of some of the key issues at the Association of the Luxembourg Funds Industry (ALFI) alternative investment conference.

Target 2 Securities has added 15 countries to its listed of participants signed up to utilize the settlement system.

The industry is still in the dark about how the post-regulatory derivatives markets will look, according the BNP Paribas' David Beatrix