Many market players are still looking for a sound solution to overcome the challenges – operational and liability risks – posed by the AIFMD. “We are engaging with a broad cross-section of the fund industry including the distributors, transfer agents and depositary banks to help the market meet its increased obligations following AIFMD”, he said. “As an ICSD we bring efficiency and safety into the market and under AIFMD we need to go beyond. We are adding value in terms of risk management obligations of our customers that are under increasing focus in the new regulatory regime. Discussing these issues at another successful Fund Summit confirmed that we are on the right track with our envisaged service offering to depositary banks and prime brokers that represent AIFs.”
More than 150 delegates from across Europe attended the summit to discuss the future impact of regulatory changes and future industry developments in the asset management and money market industry. This was the 10th annual Fund Summit organised by Clearstream which is a leading investment funds services provider through its Vestima platform in addition to offering a full securities services suite across all major asset classes.
Full press release
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