Primes preparing for 'worst case' AIFMD asset segregation

Esma board conducting stress tests before making a decision


The prime brokerage industry is preparing for the worst – and expects to increase pricing – as the European Securities and Markets Authority (Esma) continues to drag out deliberations on the level of segregation to be applied to client assets under the alternative investment fund managers directive (AIFMD).

Under AIFMD, prime brokers must segregate assets posted as collateral by hedge funds and held on their behalf. But primes contend that if they cannot hold all alternative investment fund (AIF

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here