In an article published in the Financial Times on the 15th of November, Guillaume Prache, Managing Director of BETTER FINANCE, was quoted regarding the income money managers are making through securities lending.BlackRock overhauled its securities lending division, making it cheaper for companies to borrow securities. The asset management firm cut the requested amount of collateral,
Carl Rosén, chief executive of the Swedish Shareholders’ Association (SSA) and vice-president of BETTER FINANCE, featured in last Sunday’s Financial Times “Face to Face” section, dedicated to people in the fund management industry. A former investment banker, Carl Rosén and the Swedish organisation caught the financial industry and media’s attention after publicly criticising some of
Known for its role in exposing the abuse by the Cref, the now insolvent organisation for optional pension plans for civil servants, Arcaf, the National Association for Public Employee Pension Savers in France, continues to alert consumers about vulnerabilities at the heart of Corem, the successor to Cref, that were kept hidden from affiliates. Deontofi.com
From Mr Guillaume Prache Sir, The misguided condemnation of shareholder value by Mr Martin Wolf («Opportunist shareholders must embrace commitment», August 26) is based on a profound misunderstanding of what creating shareholder value is about. The financial crisis has understandably motivated decision makers and stakeholders to find out what caused it. Amongst others, the concept of
European public pension schemes are under great strain as a consequence of a greying population and the financial crisis. In order to address this problem, governments are looking into promoting supplementary forms of retirement income. Many issues arise from this that need to be addressed by European policy makers whose legislative decisions directly affect the
EuroFinuse comments on the issue, "that some asset managers appear to be engaging in dubious – and potentially illegal – in-house trades to protect funds facing heavy redemptions from having to sell assets at fire-sale prices". Internal cross-trading between funds however, is not illegal. Guillaume Prache, Managing Director of EuroFinuse states in the Financial Times that
In March 2015, the FCA launched the Asset Management Market Study with the purpose of increasing transparency on charges, eliminating conflicts of interests and restoring savers’ trust in the asset management industry. Following two years of investigation, the Financial Conduct Authority (FCA) concludes that asset managers must overhaul their charging structures and improve their governance
Uncertainty continues to grow as the reality of the United Kingdom leaving the European Union begins to set in. Mergers such as the one proposed from Germany’s Deutsche Börse and the London Stock Exchange are showing signs of a potential collapse. The FT article LSE-Deutsche Börse dealmakers were wrong to ignore Brexit risk, discusses the
Goldman Sachs wants people’s saving and checking account business just like local community banks. The main reason is that former Goldman Sachs taxpayer subsidized business model can’t generate big revenues and bonuses like in the old days. Post-crash financial rules designed to prevent too-big-to-fail banks like Goldman from crashing the financial system and causing another
An EU-wide market for initial public offerings, or IPOs, and other issuances is vital to allow a Capital Markets Union to emerge. That’s why the latest draft prospectus Regulation, published on 30 November 2015, goes somewhat further than the European Commission has previously entertained, but it still does not create a European market. The Commission