Recent articles by: Sheenagh Gordon-Hart
  • June 2019Opinions & Features

    Greener, fairer and more inclusive

    The European elections turned the parliament into a darker shade of green ensuring a greater regulatory focus on sustainability issues dominating its strategic agenda. But, we are now in an interregnum waiting for political agreement on the key Commission positions, including the Commission President. Once the new Commission is in place, what can we expect? It is too early to …
  • May 2019Opinions & Features

    Racing to the finishing post

    A very busy period for European institutions in advance of the parliamentary elections on 23 May. Regulators have been rushing files through the legislative process before the parliament’s final plenary, on 18 April. Most important for asset managers are the new rules on integrating ESG factors in the investment decision-making process. The so-called Disclosure Regulation coincides with Esma's final technical …
  • April 2019Opinions & Features

    Last hurrahs before EU elections

    The first quarter has been a busy one politically with Brexit stumbling towards some kind of conclusion – only time will tell when the exit will occur and on what basis. Alongside this extraordinary political spectacle, the usual business of policy makers and regulators can look dull, but that’s not necessarily the case. It’s just well-hidden behind the headlines but …
  • March 2019Opinions & Features

    Reviewing the situation

    Regulatory pressure on asset managers shows no sign of abating: while there isn’t as massive a pipeline of new initiatives as there was, there is certainly plenty to keep a weather eye on. One area that is likely to see action by policymakers is tech; last month the Financial Stability Board (FSB) published a report on fintech and market structure, …
  • February 2019Opinions & Features

    Sustainability moves centre stage

    Sustainability looks to be the key theme for Europe's regulators over the next year. Aside from amending legislation being prepared for Mifid, fund regulations are also being drafted to require the embedding of sustainability considerations into portfolio management, and requiring distributors to incorporate sustainability into suitability assessments.This initiative is being championed by the Commission, which asked Esma to provide technical …
  • January 2019Opinions & Features

    Hoping for regulatory calm

    As the New Year dawns, asset managers brace themselves for Brexit, whatever shape it takes. Most defensive strategies are in place but, for latecomers, regulators are struggling with the burden of approvals and are gearing up their charging structures to pay for the increased supervisory costs. Meanwhile, no major directives are likely until the new parliament is elected, but the …
  • December 2018Opinions & Features

    Time running out

    We are approaching the end of a roller-coaster year in which the largest element of post-crisis regulation has been implemented – Mifid 2. The Capital Markets Union still limps along, whilst a frenzied argument has broken out over the issue of ex ante disclosures in the implementation of Priips. In the background, Brexit continued to play out with uncertainties hampering …
  • November 2018Opinions & Features

    Time running short

    With the Brexit deadline getting closer, the red light is flashing for asset managers that have not made provision for a 'no deal' or a simple equivalence procedure for passporting products and services. Most groups have taken action on the product side but for those that have not made arrangements for their Mifid licence to sell, time is now critical. …