Link'n Learn archivesWebinars' recordings |
AIFMD reumneration - ESMA final guidelinesLed by Deloitte’s leading industry experts, Link’n Learn is series of free of charge webinars conducted over the course of the year, specifically designed to keep you up-to-date with today’s critical trends and the latest regulations impacting your business.
The webinars are recorded and these recordings are available online in MP4 format after each session. Click on the title to view the webinar.
| Date | Title | Agenda |
|---|---|---|
| 6 May 2013 | Evolution and latest developments on UCITS Funds Regulation | 1. Revised 2010 Fund Law 2. Luxembourg Management Company – CSSF Circular 12/546 3. Concept of promoter 4. UCITS V requirements 5. UCITS VI propositions 6. The Irish Central Banks updates / revisions |
| 2 May 2013 | Introduction to Risk Management (2/2): investment funds | 1. Regulatory context and timeline 2. Overview of main risk management requirements 3. Overview of main risk reporting 4. Latest developments regarding ETFs and other UCITS issues 5. Zoom on a few topics |
| 29 April 2013 | Introduction to Risk Management (1/2): Principles, concepts & techniques | 1. Introduction to main concepts 2. Risk management in the investment fund industry 3. Insights on risk quantification in the financial area 4. A case study on Value-at-risk 5. New trends in risk management : the way ahead |
| 25 April 2013 | Share class FX hedging | 1. Share class FX hedging - Introduction 2. Sources of FX hedging impacts 3. Monitoring the hedging quality 4. Hedged benchmark analysis |
| 22 April 2013 | Introduction to asset management & portfolio investment techniques | 1. Introduction to modern portfolio theory 2. Investment universe and asset selection 3. Portfolio optimisation 4. Investment style reviews 5. Risk monitoring and management 6. Conclusions |
| 11 April 2013 | Risk and Capital : from Basel II to Basel III | 1. Why holding capital to cover risks? 2. From Basel I to Basel III: a bit of history 3. Basel II : A quick reminder 4. Introduction to Basel III |
| 8 April 2013 | Introduction to Islamic Funds | 1. What is Islamic Finance? 2. Islamic financing contracts 3. Structuring Islamic funds 4. Regulation of Shariah compliant investment funds |
| 21 March 2013 | EMIR | Why EMIR 1. Motivations 2. Timeline What is EMIR about? 1. Clearing Requirements 2. Margin & Capital 3. Reporting Obligations Business Impacts 1. Strategic considerations 2. Operational Challenges |
| 14 March 2013 | Global evolution of the custody framework | Target 2 Securities 1. Objective and rationale of TARGET2-Securities in the EU 2. Understanding TARGET2-Securities 3. T2S and the fund industry 4. Strategic & Operational Impacts 5. Latest updates on T2S UCITS V 1. Main objectives on UCITS V – a focus on current reflexions 2. Potential impact of the introduction of UCITS V on custody framework and responsibilities |
| 7 March 2013 | Knowledge Sharing Session - India Budget 2013 | 1. India snapshot 2. Significant policy proposals 3. Direct taxes |
| 28 February 2013 | MiFID II | 1. Why MiFID II? 2. What is new? 3. MiFID II versus MiFID I 4. Recent developments 5. Concrete impacts for banks, PSF and investment funds |
| 25 February 2013 | The fund registration process (r)evolution after the KIIDs - practical lessons learned & best practices | 1. Has the fund notification really been simplified? The pro’s and con’s 2. How UCITS IV transformed the fund registration process into an operational and technological exercise 3. The most common coordination pain points between fund engineering, fund registration, KIID factories, regulators, web publication, document dissemination 4. Best practices to ensure a smooth coordination, a fast time to market and mitigating the reputation risks vis-à-vis regulators |
| 20 February 2013 | AIFMD remuneration - ESMA final guidelines | 1. Key updates from ESMA 2. Scope of AIFMD remuneration rules 3. Remuneration structures 4. Governance and disclosure 5. Proportionality principle 6. Tax considerations 7. Next steps |
| 18 February 2013 | Transactions cycles & Net asset value calculations | 1. Subscriptions / Redemptions 2. Purchase / Sale of securities 3. Income / Expenses 4. NAV calculation |
| 04 February 2013 | Introduction to Derivative Instruments (Part 2) | 1. Credit Default Swap 2. Total Return Swap 3. Credit Linked Note |
| 31 January 2013 | EURO : Preparing 'What if ?' scenarios | 1. Where do we stand today? 2. Potential scenarios 3. Liability – Reputational and practical 4. Some practical things to do 5. Looking at situations holistically 6. Conclusions |
| 28 January 2013 | Introduction to Derivative Instruments (Part 1) | 1. Swaps 2. Forward contracts & futures 3. Options 4. Contract for Difference |
| 24 January 2013 | Introduction to private equity funds | 1. Industry overview 2. Structuring Private Equity in Europe 3. Accounting and valuations |
| 21 January 2013 | AIFMD Level 2 measures | 1. Delegation of Investment Management functions and the concept of Letter Box entity 2. New Depositary Liabilities on Collateral 3. Calculation Method for Leverage |
| 17 January 2013 | Introduction to hedge funds | 1. Alternative investments definition 2. Hedge fund strategies (analysis with concrete example for each strategy): 3. European AIFs |
| 10 January 2013 | Introduction to Undertakings for Collective Investments | 1. The UCI market 2. Main actors associated with an UCI 3. General Definition & Legal Forms of an UCI |
| 13 December 2012 | Performance fee calculation & multi-class of shares principles | 1. Performance fee calculation 2. Multi-class of shares principles |
| 29 November 2012 | Introduction to IFRS for funds | 1. IFRS 9 Financial Instruments 2. IFRS 13 Fair value measurement 3. ED2011/4 Investment Entities |
| 22 November 2012 | Investment restrictions of UCITS investment funds | 1. Legislative overview 2. Common terminology 3. Investments requirements 4. Derivatives requirements |
| 15 November 2012 | Evolution of the custody framework: a focus on Target 2 securities and UCITS V | 1. Global evolution of the custody framework 2. Target 2 Securities 3. UCITS V |
| 9 November 2012 | Solvency II - The challenges of Pillar II and the ORSA | 1. Introduction 2. Pillar II in practice: observed challenges in the industry 3. Practical approach for addressing Pillar II challenges |
| 8 November 2012 | Introduction to Derivative Instruments – Part 2 | 1. Contracts for difference 2. Credit default swap 3. Total return swap 4. Credit linked note |
| 25 October 2012 | Introduction to Derivative Instruments – Part 1 | 1. Bonds 2. Swaps 3. Forwards and futures 4. Options |
| 18 October 2012 | Introduction to Islamic funds | 1. What is Islamic finance 2. Islamic financing contracts 3. Structuring Islamic funds 4. Regulation of Shariah compliant investment funds |
| 15 October 2012 | Custodian responsibilities - Latest developments based on AIFMD and UCITS V | 1. Why is the Custodian under scrutiny? 2. What does the regulation say? 3. How does the market react to the forces at work? 4. The right time for an assessment on the organisation 5. An active role in the selection and monitoring of counterparties 6. How far is my responsibility engaged? |
| 4 October 2012 | Introduction to private equity funds | 1. Introduction and background 2. What is Private Equity? 3. Legal Structures Used 4. Determining Fair Value 5. Carried Interest 6. Accounting developments 7. Market developments and trends |
| 20 September 2012 | Introduction and latest updates to ETFs and Index Tracker Funds | 1. The ETF / Tracker Funds market 2. Types of ETFs 3. Latest developments ESMA / ECB / IOSCO / EFAMA papers 4. Future of the ETFs |
| 12 July 2012 | Treatment of errors & anti-dilution techniques | 1. Net Asset Value Errors (CSSF Circular 2002/77) 2. Anti-dilution techniques in Europe |
| 28 June 2012 | Introduction to tax structuring aspects of real estate | 1. Real Estate investments in Luxembourg : Short overview 2. Typical pitfalls 3. Main Real Estate tax structuring considerations 4. Real Estate Luxembourg structures |
| 7 June 2012 | Risk and capital: from Basel II to III | 1. Why holding capital to cover risks? 2. Regulatory capital vs. economic capital 3. Basel II : A quick reminder 4. Flaws and deficiencies of the Basel II framework 5. Introduction to Basel III |
| 10 May 2012 | AIFMD: What does your business need to know | 1. Introduction and background 2. Update on current status and key developments 3. Impact on investment managers (EU and non-EU) 4. Impact on Depositaries 5. Future investment management landscape |
| 3 May 2012 | Transfer pricing | 1. Introduction 2. Transfer pricing for financial transactions (Luxemburg circulars), impact and opportunities 3. Business Model optimisation |
| 26 April 2012 | Impacts of Basel II and Solvency II for the asset management | 1. Introduction - Why are capital requirements regulations important for the asset management industry ? 2. Presentation of Basel II 3. Additional Impact of Basel III on the fund industry 4. Presentation of Solvency II 5. Opportunities and challenges for the Asset Management Industry |
| 19 April 2012 | A new way of counterparty risk management : EMIR for OTC derivatives | 1. Motivations and origins : systemic counterparty risk mitigation through CCP 2. Organisation of Central Counterparty (CCP) and Trade Repositories (TR) 3. Clearing of OTC through CCPs 4. Counterparty risk management : the fundamentals 5. Collateral management 6. Valuation requirements 7. Reporting obligations |
| 29 March 2012 | Key Investor Information Document (KIID) – Content and implementation challenges | 1. Content of KIID 2. How to implement an efficient KIID production process? 3. A focus on the KIID dissemination in light with UCITS IV principles 4. Lessons learned since implementation of the regulation: potential pitfalls and main recommendations for an efficient KID organisation |
| 22 March 2012 | Tips to succeed in FATCA implementation | 1. Introduction and background- recap on what FATCA is. 2. Update on current status and recent developments in relation to FATCA; including any new regulations/guidance issued by the IRS in the period December 2011 to March 2012 3. Impact on Investment Funds 4. What needs to be done to ensure FATCA deadlines are met |
| 8 March 2012 | Wealth management structuring using regulated vehicles | 1. SIFs in the perspective of wealth management 2. New SIF regime 3. Practical considerations |
| 1 March 2012 | Risk management within UCITS IV, the CESR guidelines 10-788 | 1. Background & context 2. Risk management for investment funds : stakes and fundamentals 3. Specific foundations of CSSF Circular 11/512 4. Risk management perspective and critical analysis 5. New directions / the way ahead |
| 19 January 2012 | Introduction to third party assurance reports (ISAE 3402, SSAE 16, AT 101, etc) | 1. Goodbye SAS 70, welcome Service Organization Control (SOC) reports! 2. Providing assurance on internal control over financial reporting with SOC 1 reports (ISAE 3402/ SSAE 16) 3. Responding to SEC’s Custody Rule requirements (AT 101) 4. Providing assurance on controls related to compliance or operations with SOC 2/ SOC 3 reports (ISAE 3000/ AT 101) |
| 12 January 2012 | Introduction to Undertakings for Collective Investments | 1. The UCI market 2. Main actors associated with an UCI 3. General Definition & Legal Forms of an UCI |
| 17 November 2011 | Performance fees & equalisation | 1. Calculation methods 2. Reference elements 3. Series of shares and equalisation methods |
| 13 October 2011 | Introduction to FATCA | 1. Back to basics 2. Technical overview 3. Account identification 4. Funds structures and issues 5. Passthru payments 6. Our point of view |
| 6 October 2011 | Risk management for investment funds: regulatory perspective | 1. Introduction to European RM framework : specific application to CSSF 2007/308 and CESR level 3 guidelines 2. Requirements for non-sophisticated funds 3. Internal model perspective : sophisticated UCITS 4. UCITS IV : systematic amendments to RM framework |
| 29 September 2011 | Investment restrictions of investment funds | 1.The Law of 20 December 2002 2. Analysis of the Law of 20 December in light with numerous CSSF interpretations, CESR papers and guidelines and eligible Assets 3. Law of 2007 on Special Institutional Funds 4. Other Investment Funds (Real Estate Funds / Private Equity Funds) |
| 15 September 2011 | Introduction to Solvency II | 1. Why Solvency II? 2. Introducing the three pillars of Solvency II 3. Timeline for implementation 4. Potential synergies with other projects |
| 7 July 2011 | Introduction to Collateralised Debt Obligations | 1. Organisation of a CDO 2. Presentation of the following kind of CDOs 3. Advantages and risks associated with CDOs 4. New trends in CDOs market |
| 16 June 2011 | Introduction to the Directive on Alternative Investment Funds Managers (AIFMD) | 1. Objectives and scope 2. Directive’s key provisions: 3. Marketing & third countries rules |
| 9 June 2011 | Investment management accounting updates | 1. Accounting updates in IFRS for the investment management industry 2. Accounting updates in US GAAP for the investment management industry |
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