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

Proposals for Better Management of Non-Financial Risks within the European Fund Management Industry - December 2012

References

•  648/2012, REGULATION (EU) No 648/2012 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 4 July 2012 on OTC derivatives, central counterparties and trade repositories, REGULATION (EU) No 648/2012, European Parliament and European Council, 4 July 2012. EMIR •  85/611/EEC, Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS), 85/611/EEC, European Council, 20 December 1985. UCITS •  97/9/EC, Directive 97/9/EC of the European Parliament and of the Council of 3 March 1997 on investor-compensation schemes, European Parliament and European Council, 3 March 1997. ICSD • AIMA (2012), AIMA POSITION PAPER UCITS V, AIMA, September 2012. • Amenc, N. (2007), Three Early Lessons from the Subprime Lending Crisis: A French Answer to President Sarkozy, Position Paper, EDHEC-Risk Institute, August 2007. • Amenc, N., Cocquemas, F., and Sender, S. (2012), Shedding Light on Non-Financial Risks, A European Survey, EDHEC-Risk Institute, January 2012. • Amenc, N., Ducoulombier, F., Goltz, F., and Tang, L. (2012), What Are the Risks of European ETFs?, Position Paper, EDHEC-Risk Institute, January 2012. • Amenc, N. and Ducoulombier, F. (2012), EDHEC-Risk Institute comments on ESMA Consultation Paper, ESMA/2012/44, Comment Letter, EDHEC-Risk Institute, 25 March 2012. • Amenc, N. and Sender, S. (2010), The European Fund Management Industry Needs a Better Grasp of Non-Financial Risks, EDHEC-Risk Institute, December 2010. • AMF (2010), Marketing of complex financial instruments, AMF Position No 2010-05, 15 October 2010. •  Belmont, D. (2012), Managing Counterparty Risk in an Unstable Financial System, Commonfund Institute, November 2012. •  Bengtsson, E. (2011), Shadow Banking and Financial Stability: European Money Market Funds in the Global Financial Crisis, Sveriges Riksbank, 28 February 2011 (Paper presented at the Institute of Global Finance conference entitled: "Systemic Risk, Basel III, Financial Stability and Regulation" held in Sydney, Australia on 28-29 June 2011). •  BIS BCBS (2009), Results from the 2008 Loss Data Collection Exercise for Operational Risk, Basel Committee on Banking Supervision, July 2009. •  BIS BCBS (2012), Capital requirements for bank exposures to central counterparties, Basel Committee on Banking Supervision, July 2012. •  BIS BCBS and IOSCO (2012), Consultative Document: Margin requirements for non-centrally- cleared derivatives, Basel Committee on Banking Supervision and Board of the International Organisation of Securities Commissions, July 2012.

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An EDHEC-Risk Institute Publication