ARKUS BLOG.

THE LATEST INDUSTRY TRENDS, NEWS, REGULATIONS AND EVENTS SURROUNDING RISK MANAGEMENT.

ESMA Publishes translations for guidelines on the reporting to competent authorities under 37 of the MMF Regulation.

FUND MANAGERS: need support in ensuring compliance with the latest regulation? Contact a member of the Arkus team day.

MONTHLY VOLATILITY RISK NEWSLETTER NOW AVAILABLE - September Edition

Infection rates are rising again in most countries, some call it the second wave, yet markets did not seem to care too much and continued their rally. Most equities are now back at pre-crises levels or even higher.

September Edition Available: HERE

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An interactive online platform that manages and monitors portfolio risk for a variety of UCITS/AIF fund structures and investment strategies.

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Regularly involved in leading Fund Industry events across Europe.

At Arkus, we continually participate in some of the leading Asset Management events in Europe, speaking and hosting panels on areas surrounding our expertise field, Risk Management.

    • Association of the Luxembourg Fund Industry (ALFI)
    • Association Luxembourgeoise de Risk Management (ALRIM)
    • Institut Luxembourgeois des Administrateurs (ILA)
    • The Investment Association (IA)

News, Articles & Newsletters

Infection rates are rising again in most countries, some call it the second wave, yet markets did not seem to care too much and continued their rally. Most equities are now back at pre-crises levels or even higher.

The EU is drifting into a debt union, accessing capital markets for the first time in its history to finance a huge stimulus package for (and from) its member states. EU realized volatilities fell sharply into their medium regimes while such a move could not be observed for implied volatilities.  

Launch of the ESMA supervisory exercise in relation to the ESRB Recommendation on Liquidity Risk in Investment Funds.

Most volatilities increased, settling in mixed regimes. Volatility in most of the equity market increased while mixed trends have been observed for commodities…click below to read more.

National Competent Authorities to which these Guidelines apply must notify the EU regulator whether they comply or intend to comply with the Guidelines, within two months of the date of publication by ESMA of the Guidelines in all EU official languages.

Equity markets continued their recovery fueled by (even more) Central Bank money and fiscal impulses from governments. As for most companies’ earnings outlooks remain grim the P/E gap is widening, and the rally still seems to be merely based on expectations of a catch-up.

ESMA has published updated reporting instructions to be used for reporting under the Money Market Fund Regulation (MMFR). 

EU’s securities market regulator, has published today a supervisory briefing on the supervision by NCAs on the costs applicable to UCITS and AIF’s.

The European Systemic Risk Board (ESRB) addresses liquidity risk concerns regarding investment funds that have significant exposures to corporate debt and real estate assets.expectations of a catch-up.

If the ever-increasing sovereign debt levels and also potentially a rise in corporate/retail defaults persists, it might induce further systemic risk and the pressure on the banks might darken the picture again. Even though most asset classes are still in their high regimes, markets seem to anticipate a short-lasting economic impact.

Regulators across Europe are asking asset managers for reams of new information about their ability to meet investor redemptions as they seek to stave off a liquidity crunch sparked by the coronavirus market sell-off.

Markets turned into crisis mode as the Corona-virus and oil price turmoil’s spurred fears of a global recession that sent markets south with a speed that we haven´t seen in decades. 

EU’s securities market regulator launches a common supervisory action with national competent authorities on the supervision of UCITS’ manager’s liquidity risk management across the European Union (EU).

Following the decisive election victory for the conservatives, we try to take an informed look into what 2020 might entail for the asset management sector in the UK and across Europe. 

Luxembourg regulator publishes Circular CSSF 19/733 for liquidity risk management for open-ended undertakings for collective investment (UCIs). 

AMIC and EFAMA update their report on Managing fund liquidity risk in Europe. the report articulates four specific recommendations.

Recently, Mark Carney, Governor of the Bank of England, said that “investment funds have a structural mismatch between the frequency with which they offer redemption’s and the time it would take them to liquidate their assets, magnifying market adjustments and triggering further redemptions”. Click here. 

Markets started the year lighter as the outbreak of the Corona-virus and the impact on global production chains added to the list of concerns about the global economy. Equity volatility (and vovos) were picking up. Brexit finally happened on paper, but the agreed transitory period is still ongoing, so the blur continues.

Industry Events

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