Asset Management Standards : Corporate Governance for Asset Management

Annotation 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 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. This Book Provides 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.--jacket. Ch. 1. Setting The Scene -- Ch. 2. The Scenario Today -- 2.1. Structural Change In The Asset Management Business In The Eu -- 2.2. The Need For Asset Management Standards In The Euro Zone -- 2.3. The Basis For Asset Management Standards In The Euro Zone -- Ch. 3. A Description Of The Structural Components Of The Systematic Classification Of The Synopsis -- 3.1. Investor Risk -- 3.2. Rules For Reducing The Investor's Risk -- Ch. 4. The Regulation Of Management Risk -- 4.1. Investment Rules -- 4.2. Separation Of Functions -- 4.3. Disclosure -- Ch. 5. The Regulation Of Investment Risk -- 5.1. Investment Rules -- 5.2. Disclosure -- Ch. 6. Control And Enforcement Of Rules And Regulations -- 6.1. Board Of Directors. Ch. 5. The Regulation Of Investment Risk -- 5.1. Investment Rules -- 5.2. Disclosure -- Ch. 6. Control And Enforcement Of Rules And Regulations -- 6.1. Board Of Directors -- 6.2. Supervisory Authority -- 6.3. The Management Company's Compliance Department -- 6.4. Shareholders -- 6.5. Other Parties Involved In Supervision -- Ch. 7. Summary Of Findings -- Annex A. Replacement Migration -- Annex B. Fsa Handbook Timetable. Otto Loistl And Robert Petrag. Includes Bibliographical References (p. [201]-210) And Index. "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.". "This book provides 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."--BOOK JACKET. Front Matter....Pages i-xx Setting the Scene....Pages 1-4 The Scenario Today....Pages 5-52 A Description of the Structural Components of the Systematic Classification of the Synopsis....Pages 53-57 The Regulation of Management Risk....Pages 58-78 The Regulation of Investment Risk....Pages 79-144 Control and Enforcement of Rules and Regulations....Pages 145-190 Summary of Findings....Pages 191-193 Back Matter....Pages 195-271 Changes in the EU's demographic structures, in particular rising life expectancy and falling birth rates, represent a growing risk to the established pay-as-you-go state pension schemes.