29 June 2012
In March 2012 the European Securities and Markets Authority published a discussion paper on possible policy options on the proxy advisory industry, “to gain evidence on the extent to which market failures related to the activities of proxy advisors may exist, the extent to which EU-level intervention might be appropriate, and what ESMA’s role might involve”.
We covered the launch of the discussion paper in this post.
Today ESMA has published the responses it has received to the discussion paper.
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Posted in Consultations, Corporate governance, Equity capital markets, Europe, Lobby groups, Regulators |
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29 June 2012
On 28 June 2012 the European Securities and Markets Authority published a consultation paper on its proposed guidelines on the remuneration of alternative investment fund managers. The consultation paper is here and the accompanying press release is here.
The guidelines, once adopted, will apply to hedge fund, private equity fund and real estate fund managers where those alternative investment funds are within the ambit of the Alternative Investment Fund Managers Directive (AIFMD). For background on the AIFMD, see these posts.
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Posted in Consultations, Europe, Financial services and market conduct, Private equity, Regulators |
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29 June 2012
The Financial Services Authority has this morning issued a statement outlining the settlement it has reached with Barclays, HSBC, Lloyds and RBS in relation to their mis-selling of interest rate swaps to small and medium-sized businesses. The FSA press release is here and the further details about the settlement are here.
From the FSA press release:
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Posted in Financial services and market conduct, Regulators |
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