FSB’s asset management plans mirror AIFMD

Author: Lizzie Meager | Published: 25 Jan 2017

Recommendations made by the Financial Stability Board (FSB), aimed at making the global asset management industry safer have been welcomed by the market. Many have highlighted their overlaps with the Alternative Investment Fund Managers’ Directive (AIFMD) already in place in the EU.

As the post-crisis scrutiny of the mainstream banks reaches maturity regulators are turning their attention to the fund management industry, which has experienced exponential growth as banks contract. The value of assets under management by investment funds has grown from $53.6 trillion in 2005 to $76.7 trillion in 2015, according to the FSB.

Woodman Asset Management’s general counsel Ulf Klebeck said that as a lot of the recommendations are already addressed by AIFMD, it seems the FSB is looking to bring the rest of the world in line with the EU.

"If other regulators take the FSB recommendations on board then it could be...