Proposals for Better Management of Non-Financial Risks within the European Fund Management Industry

Table of Contents

Executive Summary............................................................................................ 5

Résumé...............................................................................................................15

Introduction...............................................................................................................25

1. Regulation and Non-Financial Risks..............................................................29

2. Key Topics on the European Regulatory Agenda.........................................41

3. Proposal towards Better Management of Non-Financial Risks.................59

Conclusion ..............................................................................................................75

Appendix: Illustration of Good Practices for the Management of Non-Financial Risks..........................................................................................79

References................................................................................................................83

About CACEIS..........................................................................................................91

About EDHEC-Risk Institute.................................................................................93

EDHEC-Risk Institute Publications and Position Papers (2009-2012).........97

We thank CACEIS for their useful comments. Any remaining errors or omissions are the sole responsibility of the authors. Printed in France and Singapore, December 2012. Copyright EDHEC 2012. The opinions expressed in this survey are those of the authors and do not necessarily reflect those of EDHEC Business School and CACEIS.

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