Since the onset of the 2008 financial crisis, global policymakers have been interested in ensuring that those financial institutions “whose distress or disorderly failure, because of their size, complexity and systemic interconnectedness, would cause significant disruption to the wider financial system and economic activity” (FSB, 2011) are identified and appropriately regulated. After systemically important banks…

As we approach the home stretch of the ‘Juncker’ mandate, the European Commission last week seized what was widely seen as one of its final opportunities to put forward new legislative proposals in sufficient time for them to be signed off before elections in 2019. The EU’s executive may have realised just in time that the pace of…

During  negotiations on the Alternative Investment Funds Managers Directive (AIFMD) back in 2010, one of the most contentious topics was whether, and to what extent, third country (non-EU) based alternative investment funds (AIF) managers would be allowed to access the passporting provisions of the AIFMD and whether national private placement regimes (NPPRs) would be allowed to continue. The…