ALRiM Newsletter 40 - Depositary Risk
In July 2009, the PRiM Risk Newsletter number 18 focused on custody risk in the fund industry. The message of that Newsletter stressed the need for fund custodians to assume greater responsibility for the safekeeping of fund assets. The opinions and predictions from 2009 have now become regulatory requirements following the implementation of the Alternative Investment Fund Managers Directive ("AIFMD") and the publication of UCITS V. Both of those regulations impose additional responsibilities on fund custodians/depositaries to ensure the safety of fund assets.
If you are already a member, please log in to gain full access to all the ALRiM Newsletters. If you are not a member, you can become one by following the instructions on the Web page "Become a member"