AI IN FINANCE: WHY NO C-SUITE EXECUTIVE CAN AFFORD TO IGNORE IT

AI IN FINANCE: WHY NO C-SUITE EXECUTIVE CAN AFFORD TO IGNORE IT
For far too long the financial service industry has operated in an inside-out fashion and relied on the same playbook. In 2020, when the Covid-19 pandemic started to spread around the globe, many market players faced first-hand the importance of maintaining client proximity and business efficiency. Therefore, one of the most relevant agenda items for C-suite executives was, and still is, to transform and continually adapt their operating model for a digital world.
Read the full article by Sandro Schmid & Haris Jaqubi
Sandro Schmid

Partner LPA

Michael Gouverneur joins as new sales lead for Capmatix Contract Navigator

LPA expands Capmatix team with new hire Michael Gouverneur joins as new sales lead for Capmatix Contract Navigator

FCA makes version changes to AIFMD Annex IV reports

Following the UK's withdrawal from the EU, the FCA makes changes to the AIFMD Annex IV reports and published a new AIFMD report version 2 which will be effective to all reports with reporting period end 30 June 2022 and later.

Regulators heavy controls on the AIFMD Annex IV reports, what should asset managers do?

The French regulator AMF plans to apply most ever tight controls on the AIFMD Annex IV reports. Based on a consultation paper from the AMF in January 2022, the regulator plans to reinforce the controls of the completeness and consistency of the Annex IV reports. 12 reporting fields that were previously optional will be mandatory; 19 additional consistency checks will be applied by the regulator automatically. Unqualified reports will be rejected by the regulator directly. As a consequence of the consultation, AIFMs reporting to AMF will have to pay special attention to their reporting content and ensure that they are compliant to the new requirements outlined by the AMF. The new requirements from the French regulator will fully enter into force from 1st July onwards.

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