Jean-Marc Goy, Counsel for International Affairs, Commission de Surveillance du Secteur Financier (CSSF) comments on the regulatory agenda in 2016.
Transcript of the video:
In the field of investment management – two topics come to my mind: the Capital Markets Union is more a topic for politicians than the supervisory authority as the discussions will be led mainly by the politicians but it will also have implications for the asset management sector. I’m thinking mainly about the European Long Term Investment Funds (ELTIF) - like many other stakeholders, I’m curious to see whether it will be a success or not – but let’s try to be optimistic!
The second topic I see is the agenda of ESMA - and here there are no surprises – ESMA will continue its work towards more convergence both for UCITS and non UCITS. Speaking of UCITS, this year is also a year when UCITS V will enter into force.