Solutions
Boutique investment bank Liberum Capital, is using TeleWare’s mobile communications recording technology to ensure teams across the bank are compliant with the record keeping requirements of the recently introduced MiFID II legislation as well as the forthcoming GDPR regulation.
The revamped version of the Markets in Financial Instruments Directive, or MiFID II, is designed to offer greater protection for investors and inject more transparency into all asset classes: from equities to fixed income, exchange traded funds and foreign exchange.
The directive demands that all communications are recorded and stored for at least five years. Records need to me made available which are
The Beacon Group is an independent group of companies providing management, consulting, administration, accounting and other related services to offshore and domestic hedge funds and other international entities. It is licensed by the Bermuda Monetary Authority to provide corporate secretarial services, part of which involves offering advice to promoters and fund managers on corporate governance best practices.
That Beacon is also licensed to offer fund administration services can be beneficial.
As Nitin Aggarwal (pictured), Chairman of Beacon, explains: “Our many years of knowledge and experience as fund administrators with different investment strategies and asset classes allows us to leverage that
Within the capital markets, there remain a large number of institutional investors seeking out unique opportunities in alternative investments. One such area is insurance-linked securities (ILS), which have built significant traction since the 2008 financial crash.
Estera has been providing corporate, trust, fund and accounting services for over 25 years and has carved out a leading position in the support of ILS products. Analysis of its book of business over the last 10 years shows that the market capitalisation of ILS products it supports has grown from approximately USD2 billion in 2011 to USD10.8 billion at the end of 2016. Last
There is a sense of optimism in Bermuda that the success it has enjoyed over the years in respect of the ILS industry can, over the coming years, be replicated in the cryptocurrency and blockchain arena.
ILS fund managers like the fact that Bermuda has a lot of professionals working on the ground, from legal to administration and auditing. This is particularly important under Solvency II, which places a big focus on substance and physical presence.
“This has been fantastic for the funds industry,” says Dawn Griffiths, Director and Head of Bermuda Funds Practice at Conyers Dill & Pearman, one
With some offshore jurisdictions having only moved recently to introduce registers of beneficial ownership, one could argue that having had its own register in place for over 70 years, Bermuda has been ahead of the curve. Now, as global regulatory oversight and transparency expectations rise, Bermuda is well placed to demonstrate that its house is very much in order.
The Bermuda Government and the Bermuda Monetary Authority have always paid close attention and cared to know who is doing business in Bermuda.
“That has been the standard operating procedure for Bermuda throughout its history as an international financial centre,” says
Although the Cayman Islands tends to be the default option for most alternative fund managers, there is a good argument for saying that Bermuda is equally, if not more attractive; certainly from a cost perspective and a ‘substance’ perspective, with a well-established business district in Hamilton, the island’s capital.
Indeed, an estimated 400 international companies are physically based in Bermuda, with an increasing number of fund management entities either setting up, or thinking of doing so. After all, Bermuda is only a two-hour flight to the US east coast, making it an ideal location for hedge fund managers and PE
Tax transparency has been an evolving focal point for the world’s economies as governments look to satisfy rigorous global compliance standards and shore up their tax revenues. Western media have focused on international financial centres following recent years’ cyber breaches that led to sensationalistic reporting about offshore investments, stoking a public appetite for revelations on high-net-worth financial matters, including taxes.
The standard argument one often hears is ‘why should companies avoid paying taxes in their home domicile?’ The question certainly has merit, but those posing the question need to take the time to hear the answer – the reality is
CompIQ, an enterprise software platform that provides investment management firms with real-time compensation benchmarking and related compliance services, has launched the second version of its enterprise platform following extensive customer feedback.
CompIQ’s initial focus has been on real estate, venture capital, private equity and hedge funds. The company will soon expand to cover traditional asset management and financial services more broadly. The company is led by CEO Adam Zoia (pictured), founder of Glocap Search, a premier search firm known for serving the specialised recruiting needs of clients in the investment management industry.
“CompIQ was formed to empower organisations with
By George Ralph, Managing Director of RFA – How does a modern business organise its technology estate so that it is meeting the needs of the workforce, while making best use of infrastructure and the resources that it has available to it?
It used to be the case that most organisations stored their data on site, in NAS filers or similar, using block storage for high-performance input/output, which is great on-premise or across locations operated by the same organisation. However, block storage doesn’t offer practical mobility features because it depends on the use of a file system above the
Aquis Technologies, the financial and regulatory technologies services arm of Aquis Exchange, has been appointed to supply trading technology to Estates and Infrastructure Exchange (EIE).
EIE will take Aquis’ complete suite of exchange technology including the Aquis Matching Engine (AMS), its state-of-the-art Aquis Market Surveillance (AMS), as well as operations tools and assistance in the post trade environment.
EIE, which is aiming to become a Registered Investment Exchange, is the world’s first infrastructure trading platform to create a bridge between the billions of underinvested capital and the thousands of globally unfunded projects. EIE was launched in mid-2017 and works
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
