961 resultados para managed funds
Resumo:
ESMA, the European watchdog of securities markets, has announced its intention to take a closer look at so-called ‘closet trackers’, with a view to identify whether there is a potential need for a coordinated pan-European policy response to these particular funds, which are supposedly actively managed but in reality closely track their benchmarks. In this commentary, Jean Pierre Casey suggests that more work needs to be done to demonstrate that a market failure exists. He also cautions on some of the difficulties associated with a potential regulatory intervention. In his view, the perceived problem is best tackled through transparency and competition.
Resumo:
The Southern Gas Corridor is a European Commission initiative with the aim of facilitating the diversification of the routes and sources of gas imported into Europe in the hope of reducing the EU’s dependence on Russia. Although the Southern Gas Corridor – alongside the EU’s flagship Nabucco project, which constitutes a part of the Corridor – was originally conceived as a means of furthering the interests of the West (officially the EU but in practice also the US), the implementation of the project has become possible almost exclusively thanks to measures taken by Azerbaijan and Turkey. Consequently, a project which the EU had hoped would protect its political interests has indirectly given Azerbaijan and Turkey considerable influence over the EU, since it is those two countries that have effectively begun to define the shape of the Southern Corridor. This became particularly clear when the Trans-Anatolian gas pipeline (TANAP) agreement was signed on 26 June 2012. If the EU wishes to ensure that the implementation of the Southern Gas Corridor project retains at least some of its original design, Brussels has little choice but to take into account the preferences of Azerbaijan and Turkey at the expense of its own original plans.
