Top stories

Concern for Cayman?

The extraordinary public dispute between CIMA and Maples, along with the $4.23 million fine meted out to Intertrust Cayman, suggests that all is not well in this Caribbean jurisdiction. Should investors and managers of Cayman funds be concerned?

shadow

Update on The NED’s fund board composition consultation

Does substantial variability in standards matter or not?

As covered in some detail in April’s issue, The NED is consulting with regulators, investors and the industry at large on fund board composition matters.

shadow

ESG risk: becoming a problem

Incorporating ESG into risk management is hugely complicated, especially for SFDR compliant funds. Practically no one has any experience or competency in this area. This looks like becoming the biggest issue those with board risk responsibilities have had to face in years.

shadow

ESG governance washing

Governance-washing is likely to be added to ESG’s lexicon, alongside green-washing and social-washing. Fund managers who practice governance-washing are those that want the world at large, and their investors in particular, to think that they are more diverse, modern and ESG-orientated than they actually are.

shadow

France blocks financial equivalence agreement

The French say they will veto an EU-UK agreement on equivalence unless their fishermen are given access to British waters. Meanwhile Bank of England Governor Andrew Bailey has accused the EU of trying to use equivalence to turn the UK into its regulatory satellite.

shadow