A Panacea for Sustainable Investing? How AI Can Help Funds Solve the ESG Data Challenge is a new infographic created by Euromoney Thought Leadership Consulting and commissioned by Baker McKenzie, outlining how artificial intelligence presents opportunities, challenges, and other issues for Financial Sponsors, specifically around ESG data. The infographic takes a closer look at how AI is being used for different business functions – covering both strategic and regulatory ESG considerations.
On 29 January 2021, the European Securities and Markets Authority (ESMA) published its final report on draft implementing technical standards (ITS) produced under Articles 5(3), 10(3) and 13(3) of the Regulation on the cross-border distribution of investment funds ((EU) 2019/1156).
The series of briefings, Finding Balance: The Post-COVID Landscape for Financial Institutions, seeks to map the post-pandemic environment that financial institutions need to navigate as we move from resilience and recovery to the business renewal phase.
In a letter dated 18 August 2020 to the European Commission, ESMA sets out its recommendations for changes that could be made to the Alternative Investment Fund Managers Directive (AIFMD) framework as part of the Commission’s review of the AIFMD. ESMA recommends changes in 19 areas including harmonising the AIFMD and UCITS regimes; delegation and substance; liquidity management tools; leverage; the AIFMD reporting regime and data use; and the harmonisation of supervision of cross-border entities. Many of ESMA’s recommendations would also require consideration of changes to the UCITS regulatory framework.
The FCA has reopened the notifications window for its temporary permissions regime (TPR). EEA firms and fund managers wishing to use the TPR should notify the FCA by the end of 30 December 2020.
The coronavirus pandemic has created a series of unprecedented challenges for fund sponsors and general partners (collectively, GPs) of closed-ended private funds in relation to the capital raising and operation of their funds.