Shedding Light on Non-Financial Risks – a European Survey

Shedding Light on Non-Financial Risks – a European Survey — January 2012

3. The Need for Change in Regulation and Risk Management Practices

Figure 3.7.1: How important is that the rules be aligned in AIF/PE funds and in UCITS funds?

promoters. Only 51% believe that it was important or very important for the rules on the distributors to be aligned in AIF/PE funds and in UCITS funds. Similarly, 52% believe that it was irrelevant or slightly important for the rules on the promoters to be aligned in AIF/PE funds and in UCITS funds.

4%), another 79% for the asset manager's due diligence obligations (irrelevant for 3%) and 73% for the asset manager's responsibilities for non-financial risks (irrelevant for 7%).

This rules alignment appears to be much less important for distributors and

Figure 3.7.2: Country group average of rules alignment in AIF/PE and UCITS funds How important is that the rules be aligned in AIF/PE funds and in UCITS funds?

“Fr” is France, “UK” is the United Kingdom, “Ge+Au+Nl” is Germany, Austria and the Netherlands, “Lux+Irl” is Luxembourg and Ireland, and “RoE” is the rest of Europe. Answers are coded in the following manner: 0 for Irrelevant, 1 for Slightly important, 2 for Important, 3 for Very important.

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An EDHEC-Risk Institute Publication