Service providers, fund administrators and accountants and legal firms explain why they think Malta is increasingly becoming a jurisdiction of choice.
Fund administrators in Malta have seen a massive increase in business in 2010 from new start-up hedge funds as well as redomiciliations. Ucits IV and more custodians should increase 2011 prospects.
Guernsey fund service providers such as Legis, Praxis Fund Services, State Street and Kleinwort Benson predict growth for the jurisdiction in both single manager hedge funds and funds of hedge funds.
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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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.