Insights
ESMA Clarification on AI for Firms Engaging with Retail Investment Clients
ESMA has issued guidance for investment firms using AI, emphasising client best interests, to ensure compliance with MiFID II and safeguard investors. Below is a summary of that guidance.
The advancement of Artificial Intelligence (AI) offers transformative opportunities in retail investment services, enhancing efficiency, innovation, and decision-making. However, AI also presents risks such as algorithmic biases, data quality issues, and transparency challenges. Despite the initial phase of AI diffusion, its impact on firms’ behaviours and retail investor protection is expected to be significant. Management bodies retain responsibility for decisions, whether made by humans or AI.
Read MoreProduct Master Series – Operating Model
Mastering fund and product data is not just about operational efficiency; it’s fast becoming a regulatory imperative. It is becoming increasingly apparent that a mature data master is critical to meet everchanging regulatory requirements.
Read MoreProduct Master Series – Scope
Mastering fund and product data is not just about operational efficiency; it’s fast becoming a regulatory imperative. It is becoming increasingly apparent that a mature data master is critical to meet everchanging regulatory requirements.
Read MoreSome Thoughts On The Implementation of an ETF Capability
The attractiveness of diversified, liquid, continuously priced, low-cost instruments to investors has never been greater. The growth in ETF AUM globally from around $1 trillion in 2008 to around $14 trillion at the end of 2023 shows the size of the inroad this asset class has made in a relatively short period. As Investment Managers wrestle with cost pressures across the industry, they are increasingly looking at adding ETFs as a complementary offering.
Read MoreProduct Master Series
Mastering fund and product data is not just about operational efficiency; it’s fast becoming a regulatory imperative. It is becoming increasingly apparent that a mature data master is critical to meet everchanging regulatory requirements.
Read MoreESMA ESG/Sustainability Fund Naming Conventions
On 14th May, ESMA published its final report on funds’ names using ESG or sustainability-related terms. This followed feedback and changes made to the original consultation. At 57 pages it is a hefty read, but there are some important changes to note within the text.
Some of the key points where changes have been made because of the responses to the consultation include: –
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