Corporate Governance for Asset Management
Part of the Finance and Capital Markets Series series.
Asset management standards are crucial for building trust between investors and capital market experts. The issue of corporate governance has been thrown into the spotlight by the disastrous collapse of Enron and the implications for the industry. The proposed standards are relevant for the entire fund industry, regulators, providers of pension plans and portfolio managers.
Produced in association with the European Federation of Financial Analysts Societies, this book aims to provide a well-founded basis for development of the content of asset management standards in the UK, the US and the EU. It contains a detailed overview of the current position, outlines planned developments and discusses underlying problems.
SETTING THE SCENE
THE SCENARIO TODAY
Structural Change in the Asset Management Business in the EU
The Basis for Asset Management Standards in the Euro Zone
STRUCTURAL COMPONENTS OF THE SYSTEMATIC CLASSIFICATION OF THE SYNOPSIS
Rules for Reducing Investor Risk
THE REGULATION OF MANAGEMENT RISK
Separation of Functions
THE REGULATION OF INVESTMENT RISK
CONTROL AND ENFORCEMENT OF RULES AND REGULATIONS
Board of Directors
The Management Company's Compliance Department
Other Parties Involved in Supervision
SUMMARY OF FINDINGS
OTTO LOISTL is Chairman of the Department of Investment Banking and Capital Markets Communication at the Vienna University of Economics and Business Administration in Austria. He is author of numerous publications on the capital markets.
ROBERT PETRAG is a member of staff of the Department of Investment Banking and Capital Markets Communication at the Vienna University of Economics and Business Administration in Austria.
Printing of the book is limited to 10 pages per day.