Esma discusses AIFMD prime segregation today

Technical committee to recommend position to board

Hand shake

Technical experts from the European Securities and Markets Authority's (Esma's) investment management standing committee are meeting today to discuss the level of segregation to be applied to client assets under the alternative investment fund managers directive (AIFMD).

Sources say they expect Esma to demand "full sub-custodian-level segregation" and that such a move will undoubtedly be unpopular with prime brokers. A source at a depository told Risk.net: "We have heard that Esma will be issuin