Regulators demand hedge fund look-through transparency

Looking through

magnifying-glass

On December 13, 2013 the Basel Committee issued its final standards for calculating capital requirements for banks’ investments in pooled funds. The regulators are taking a hard line on fund investments, which will be subject to punitive risk-weights unless banks can demonstrate meaningful look-through transparency into the underlying assets. The approach outlined in December applies to the banking book. However, the Basel Committee is expected to take a consistent approach to fund posi

To continue reading...