Esma's proposed AIF segregation will destroy liquidity

Tri-party collateral management "impossible" under AIFMD guidelines


As the deadline for the European Securities and Markets Authority (Esma) to finalise asset segregation rules pertaining to third-party delegates of alternative investment funds (AIFs) approaches, industry participants warn the move jeopardises the future of tri-party collateral management.

They say proposed alternative investment fund managers directive (AIFMD) asset segregation guidelines will destroy liquidity in Europe, making tri-party collateral management "impossible".

In a December 2014

To continue reading...

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: