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, reviewing developments in the markets and the financial-stability implications. Elsewhere, reviews of existing legislation rumble on, including discussion of a taxonomy of sustainable finance, while proposals to transfer more power from national regulators to Esma look to have been defanged for the time being.

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