All Regulation articles
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White papers
Keeping an Eye on Liquidity as Risks Converge
The Fed’s close monitoring and well-signaled tapering of QT should prevent disruptions to the short-term funding markets—despite converging risks.
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White papers
MiFID II and ESG preferences: A paradigm change in Europe?
The revision of the European Union’s MiFID II directive taking effect this August and requiring investment firms to assess clients’ sustainability preferences sets a regulatory priority that will impact asset management professionals in 2022 and beyond.
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White papers
Regulatory tightening explained: A strategic policy shift and the outlook for China’s private sector
What should investors make of the flurry of regulatory tightening that China has implemented since the second half of 2020? How do the measures fit into China’s central strategy as it seeks to strengthen its domestic sector and embarks on long-term strategic competition with the US?
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White papers
The Case for Core Infrastructure
Affiliate Publication: Insurers benefit from long-horizon income, low volatility and reduced capital charge
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White papers
China regulation: From tech to education
China has imposed stricter regulations on the education sector, extending the regulatory reach that had focused on e-commerce and internet companies as the authorities seek to prevent market abuse and improve oversight. The move caused education stocks to plunge and hit broader investor sentiment towards Chinese stocks (including large-cap internet companies).
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White papers
Solvency II 2020 Review: the potential impacts on the management of assets by insurance companies
Natixis Investment Managers
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White papers
Time is running out to solve China’s debt bubble
Many investors are focused on the outlook for trade talks with the US, fearing an all-out trade war which would negatively impact global, and especially Chinese, equity markets. But investors underestimate the mounting problems caused by the recent rapid expansion of credit in China. Only radical solutions now remain to resolve the country’s growing credit bubble, says Paul Smillie.
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White papers
Core Matter: A Deeper Look into Financial Vulnerabilities
Almost ten years of record low interest rates have raised leverage in the non-financial sector as well as investors’ tolerance for riskier and less liquid instruments. As a result, the average quality of corporate debt has worsened. Credit risk has shifted away from banks to asset managers. Mutual funds’ ...
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Asset Manager News
Amplified: There’s more than one side to any investment story
We are now in the tail end of the second quarter of an already eventful year, with investors facing a range of stark choices.
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White papers
Indian elections: political continuity is positive but reform is what matters most
Prime Minister Modi led the NDA to a sweeping victory, with a full majority in Parliament and therefore significant political capital. There was some apprehension in the market ahead of the election and a clear majority will certainly soothe nerves.
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White papers
An introduction to securitisation: a diverse opportunity set offering attractive excess return potential
Securitisation can be seen as highly technical, niche and (post-2008) perceived as risky, but its highly diverse range of opportunities can bring significant benefits to a portfolio.
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White papers
Responsible Returns: Better Stocks for a Better World
Many equity investors want to help create social benefits while generating strong returns. Achieving these twin goals requires a coherent investment approach. In this paper, we outline a process designed to effectively integrate environmental, social and governance factors in a sustainable equity strategy. Using stock examples, we demonstrate how to identify companies that support the UN Sustainable Development Goals (SDGs) and offer sources of long-term return potential.
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White papers
Japan’s strengthening fundamentals go unnoticed
Global investors underappreciate the changing behaviour of Japanese companies, which has made them more resilient and well positioned to benefit from global reflation.
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White papers
Horses, Not Camels: Diversity and Group Decision-Making
In the investing industry, we’re all well aware that our business isn’t a one-person endeavor. The basic problem-solving unit is quite often a group or team. But how do we create the right formula that ensures groups make thoughtful, effective decisions and avoid bad ones?
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White papers
Trading: It's a Big Deal
Market Insight - Is MiFID II a gamechanger for asset managers or had the game already changed? It’s pretty clear that the fragmentation of liquidity occurred many years ago and best execution was already a major issue for investment firms long before MiFID II came into force in January 2018.