Since the UCITS III Directive in 2001 and the AIFM Directive in 2011, the regulatory environment for funds has changed considerably, creating a new risk management framework. The governance of risk management has become a key element in that development. This course explores the impact of European governance and regulations on risk management for funds.
Course content
Regulatory Framework of Risk management for Investment Funds
Introduction
European System of Financial Supervision
European Securities and Markets Authority
European Systemic Risk Board
Influence of the G20
Role of the International Organization of Securities Commissions (IOSCO)
Risk Management in the UCITS Directives
Risk Management in the AIFMD Context
Governance of Risk Management for Investment Funds
Roles of Senior Management and Boards of Directors
