Despite the European Parliament adopting new rules on the cross-border distribution of funds, the ultimate goal of a single European market for investment funds remains, in spite of the availability of marketing passports, far from complete.
Since the UK’s Financial Conduct Authority announced in 2017 that it would withdraw its support for the London Interbank Offered Rate (Libor) by the end of 2021, various regulators and market participants have joined forces to discuss and prepare their proposed transition plans.
The EU’s ambitions for sustainable finance touch most areas of financial services. The European Commission established a high-level expert group in 2016 with the goal of developing an EU strategy on sustainable finance, which concluded that environmental, social and governance considerations had to be considered.
Until recently, we hadn’t witnessed any enforcement action under the General Data Protection Regulation (GDPR). But, nearly 12 months on from its implementation, some initial penalties have now been levied.
Exchange-traded funds (ETFs) offer many advantages, including efficiency, high liquidity and speed in gaining exposure to the securities market.
The Swiss fund market is the fourth largest in Europe with a 7.2 % market share and a total volume of 1,088.8 billion Swiss francs (€966 billion).
