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Written by Theresa Jung
Oct 30, 2024
On 21 October, the European Finance Forum (EFF) took place in Munich, where we as LPA were represented by Sebastian Höft, our Global Director of Sales Asset Management, and our Product Manager Simon Blechinger, LL.M., M.Sc. The event attracted a high-calibre audience from the asset management and banking industry and provided an outstanding platform for academic exchange.
The discussion centred on the upcoming introduction of the new TCC transaction cost method of arrival prices for funds and ETFs, which will be applied from 2025. There was particular interest in how this methodology will affect the presentation of implicit costs. Our two speakers Höft and Blechinger shed light on key issues such as the frequency with which PRIIP KIDs will be created, which could be monthly or even more frequently in future.
An exciting aspect of the presentation was the presentation of initial research results, which suggested that corporate bond funds could probably become more cost-effective through the arrival price method. This represented a surprising advantage, while ETFs, which are considered favourable due to their high liquidity, may be more expensive in the implied cost presentation. These findings provide food for thought about the existing market mechanisms, even if they are not representative.
Our conclusion of the day? The new regulation poses major challenges for market participants and makes it clear that specialised technology companies such as LPA are essential in order to calculate PRIIP KIDs correctly and compliantly – precisely in the interests of the supervisory authorities and for professional fund advice and brokerage.
Networking was not neglected either: the evening ended with a cosy get-together in a relaxed atmosphere and great conversations. A big thank you goes to the team of the EFF European Finance Forum and the board members Rudolf Geyer and Dr Thomas Grauer – for the top organisation, the impressive premises in Munich’s Maximilianstraße and of course the excellent catering. We are already looking forward to the next joint event and highly recommend this format to everyone from the banking and capital market world!
See you next time and here’s to many more exciting insights!
Written by Simon Blechinger
17 Feb, 2025
Written by Simon Blechinger
17 Feb, 2025
Written by Simon Blechinger
5 Feb, 2025
Written by Sebastian Höft
24 Jan, 2025
Written by Sebastian Höft
24 Jan, 2025
Written by Julie Bradini
24 Jan, 2025