Financial Regulatory
Assessment of appropriateness and suitability
The assessment of appropriateness aims to know the experiences and financial knowledge of the client. The suitability assessment refers to some additional knowledge about those detected in the suitability test.
CLO bonds
CLO bonds are debt securities, the collateral of which is a leveraged loan. That is, they are guaranteed by loans, generally granted to companies, although personal loans can also be…
Book Entry Securities Representation
The book entry regime has simplified the registration and accounting of securities traded on stock exchanges. The disappearance of paper for the representation of property has led to cost savings…
Securitization
Currently a booming financial technique, securitization saw its peak shortly before the 2008 Financial Crisis. After the Financial Crisis, it was clear that if used correctly, securitization would prove invaluable…
Covered bonds
Guaranteed Bonds are securities issued by credit institutions that are backed by a basket of assets. This basket of assets is called a hedge pool. This set is normally made…
Pre-marketing
Pre-marketing is a technique introduced to remove barriers to the cross-border distribution of funds. The aim in harmonising this practice is to increase its transparency and legal certainty.
Securities lending and repurchase transactions
Stock loans and repos are efficient portfolio management techniques. These techniques are commonly used by the management companies of collective investment institutions. The advantage of these techniques is that their…
Sub-Custodian Agreement
the custodian or depositary of a collective investment scheme may delegate its functions to a sub-custodian. This will generally be the case for the custody of international securities. However, the…
European passport for ESISs, IICS and SGIICs
The European Passport is talking about authorization to market certain financial products within the territory of the EU. In addition, it is necessary to differentiate the type of financial product…
The Incentives of the MiFID Directive
we are going to examine incentives, what they are and thus what MiFID requires from the investment companies (referred to as the ESIs)
