The new rules are "another instance of the authorities blaming the wrong people and imposing the wrong policies", says Cass's Ian Marsh
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
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Hedge funds are using consultants and political advisors to monitor political events such as elections, civil unrest and regulation, particularly in the Middle East, North Africa and emerging markets.
European pension funds prefer Ucits hedge funds and managed accounts as transparency issues and fee structures linked with funds of hedge funds come under scrutiny from consultants and trustees.
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.