Insights Library

Explore Our Insights

  • Topic
    Apply Filters
  • Publication
    Apply Filters
  • Content Type
    Apply Filters
  • Line of Business
    Apply Filters
  • Alternatives
  • Business Transformation
  • Commodity Markets
  • Currency Strategy
  • Endowments and Foundations
  • ESG
  • Exchange-traded Funds
  • Equity Investing
  • Family Office
  • Fixed Income Investing
  • Global Asset Trends
  • Investment Commentary
  • Markets and Economy
  • Private Business Ownership
  • Regulatory Intelligence
  • Technology
  • Wealth Planning and Trust
  • Women and Wealth
  • Philanthropic Advisory
  • Commodity Markets Update
  • Exchange Thoughts
  • FX Quarterly
  • InvestorView
  • Mind on the Markets
  • On the Regs
  • Owner to Owner
  • Structured Fixed Income Quarterly Update
  • Women & Wealth Magazine
  • The Fresh Take
  • Article
  • Audio
  • Biography
  • Blog
  • Commentary
  • Infographic
  • Interview
  • Newsletter
  • Prospectus
  • Report
  • Roundtable
  • Strategy Document
  • Strategy Fact Sheet
  • Strategy Update
  • Survey
  • Video
  • Webinar
  • Webcast
  • Whitepaper
  • Firm
  • Investment Management
  • Investor Services
  • Private Banking
  • Close up of black binocular with sky in glasses isolated on white

    ELTIF 2.0 – Beyond the Rulebook

    March 28, 2023
    • Investor Services
    The goal of the European Long-Term Investment Fund to provide much needed funding for small and mid-cap private companies has not been met yet, but a redesign could change that, write Holly Gardner and Adrian Whelan
  • ""

    Drivers for the Week of March 26, 2023

    March 26, 2023
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""

    EM Preview for the Week of March 26, 2023

    March 26, 2023
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • Neon globe star orbit shiny light

    A Recipe for Success in Transformation

    March 23, 2023
    • Investor Services
    Starting a transformation program can be daunting, but with the right formula organizations can deliver real business value.
  • ""

    T+1 Settlement and Beyond

    March 20, 2023
    • Investor Services
    As the world watches the U.S. market plan for a T+1 cycle for securities settlement, other countries are assessing similar moves. BBH is working with clients to help them optimize their global operating models and support their readiness for this major industry shift.
  • ""

    Drivers for the Week of March 19, 2023

    March 19, 2023
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""

    EM Preview for the Week of March 19, 2023

    March 19, 2023
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""

    Drivers for the Week of March 12, 2023

    March 12, 2023
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""

    EM Preview for the Week of March 12, 2023

    March 12, 2023
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • Advisor using KPI Dashboard on virtual screen

    Differentiating Digital Experiences – Part 1

    March 08, 2023
    • Investor Services
    Jim Tessmer, BBH’s Head of Digital Product Strategy, sits down with Dave Cowing of NovusNorth to discuss how BBH considers building digital experiences for clients.
  • Digital data waves

    Audio series

    ISO 20022 Messaging Standard: Are You Ready?

    March 07, 2023
    • Investor Services
    Industry specialists share what firms need to do to prepare for the adoption of a new messaging standard, as well as the downstream benefits and impacts.
  • Dynamic wave of glowing particles

    2023 and Beyond: Investing Into a New Market Paradigm

    March 06, 2023
    • Investor Services
    For asset managers, ensuring that their distribution, the experience they give to their clients, and their product diversification are fit for operating in a new environment is critical. At the inaugural BBH Insights Exchange event, industry experts discussed challenges that firms may face and how they can adapt.
  • ""

    Drivers for the Week of March 5, 2023

    March 05, 2023
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""

    EM Preview for the Week of March 5, 2023

    March 05, 2023
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""

    Drivers for the Week of February 26, 2023

    February 26, 2023
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""

    EM Preview for the Week of February 26, 2023

    February 26, 2023
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • FXQ1 2023: What WIll Steer Rates in 2023?

    FX Quarterly: What Will Steer Rates in 2023?

    February 03, 2023
    • Investor Services
    In 2023’s first FX quarterly, strategists examine the Fed’s pivot and China’s reopening. Here is a synopsis of what is included in this quarter’s outlook.
  • Business people, managers, employees discussing strategy for achieving goal and success.

    Top Five Securities Lending Demand Predictions for 2023

    January 25, 2023
    • Investor Services
    BBH’s global securities lending team shares its demand predictions
  • Birds eve view of the sea with abstract ESG icons and numbers featured over the top

    How Are You Articulating Your Fund’s ESG Strategy?

    December 15, 2022
    • Investor Services
    Participants in our latest webinar heard that to retain and attract investors, it is critical that a manager aligns its people, policies and procedures to support its ESG principles.
  • Woman working with futuristic looking interface.

    Automation and Talent: Not an "Either or" Decision

    November 11, 2022
    • Investor Services
    The future of financial services is a story of two races: a race to automate for scale and resiliency, and a race to attract the best human capital. Winning strategies recognize that success needs both.
  • green abstract background with clock overlay

    The Great T+1 Settlement Debate Comes to Europe

    November 08, 2022
    • Investor Services
    What’s needed before a region with 41 trading exchanges and 31 settlement infrastructures can consider a shorter settlement cycle?

  • Is LTAF the Answer to the U.K.’s Pension Problems?

    October 25, 2022
    • Investor Services
    The U.K.’s Long Term Asset Fund initiative could be a strategic solution for pension schemes amid future volatility.
  • Looking up night view in road intersection of shinjuku, the silhouettes of skyscrapers reflect twilight sky in Tokyo, Japan

    Japan: The Time is Now for Asset Managers

    October 13, 2022
    • Investor Services
    As an outlier in a world of rising interest rates, and as investment behaviour evolves, Japan offers a growing opportunity to Western asset managers eyeing the ¥2,023 trillion* household savings market. BBH’s Japan team shares how they can best access that opportunity.

  • Shorter Settlement Cycles for Securities Are Coming. Are you Prepared?

    October 12, 2022
    • Investor Services
    As the world watches the U.S. market plan for a T+1 cycle for securities settlement, others are assessing similar moves. BBH sets out the main process areas in the securities trade lifecycle that will be impacted by shorter settlement cycles and what you need to do now to prepare.
  • Steel brain with wires and cables. 3D illustration

    Rewiring Capital Markets: Are You Joining?

    September 26, 2022
    • Investor Services
    What is now needed to meet the next generation of ESG investors? Adrian Whelan unpicks the title of a session at Sibos, where he will be speaking next month.
  • Financial technology concept. Block chain.

    Currency Forecasts

    Major and Emerging Market Currency Forecasts

    August 31, 2022
    • Investor Services
    Our Currency Strategy experts offer their predictions for currency performances for both Major and Emerging Markets.
  • long grocery list coming out of coin purse

    Major Markets Global Overview

    From Inflation to Recession: New Risks Abound

    August 31, 2022
    • Investor Services
    High food and energy prices continue to squeeze households globally. Aggressive monetary policy responses and shrinking real incomes have increased global recession risks. Indeed, more and more signs of recession are piling up.
  • Foreign Exchange Publication Cover third quarter 2022

    FX Quarterly Q3 2022

    August 31, 2022
    • Investor Services
    Our Currency Strategists set out what the geopolitical and macro-economic landscape means for major and emerging markets in the third quarter
  • illustration of the globe on a scale

    Emerging Markets Global Overview

    Feeling the Weight of the World

    August 31, 2022
    • Investor Services
    For much of the first half of this year, high interest rates and rising commodity prices helped these currencies outperform their emerging market peers. However, broad-based dollar strength has slowly but surely eaten away at those EM FX gains and this is likely to continue as the Fed remains on its aggressive tightening path.
  • illustrated jungle background

    Let's Explore DORA

    August 23, 2022
    • Investor Services
    Banks, asset managers and insurers operating in the EU will be subject to new rules intended to boost the security and resiliency of the financial sector. Adrian Whelan maps out what asset managers need to know.
  • ""

    Dollar Gets Some Traction Ahead of the Weekend

    August 12, 2022
    • Investor Services
    Fed speakers continue spreading the hawkish message; PPI data also came in on the soft side; preliminary August University of Michigan consumer sentiment will be today’s data highlight; monthly U.K. data dump began; eurozone June IP was reported; Sweden reported July CPI; Taiwan revised Q2 GDP growth slightly lower; India reports July CPI and June IP
  • U.S. Dollars and hourglass

    Dollar Firm Ahead of Jobs Report

    August 05, 2022
    • Investor Services
    Fed officials continued their communication push; Fed tightening expectations should move higher; the July jobs report is the main event; Canada also reports July jobs data; several eurozone countries reported June IP; BOE hiked rates 50 bp to 1.75%, as expected; updated forecasts were grim; Czech Republic delivered a dovish surprise and kept rates steady at 7.0%; Japan reported firm June labor cash earnings and household spending; RBA released its Statement on Monetary Policy; India hiked rates 50 bp to 5.40% vs. 35 bp expected
  • Illuminated staircase

    Client Insights: Three Questions with Sumitomo Mitsui Trust Asset Management

    August 03, 2022
    • Investor Services
    As the investment landscape in Japan continues to evolve, BBH Relationship Manager Tomoko Kenny asks SMTAM's David Semaya how his firm is addressing three global themes and how Western asset managers can enter this market with the help of industry partners.
  • ""

    Dollar Remains Under Pressure as Key Week Begins

    August 01, 2022
    • Investor Services
    We think Fed officials will push back against the market’s dovish take on its decision; the U.S. rates market continues to price in gloom and doom; ISM reports July manufacturing PMI; eurozone final July manufacturing PMI readings were reported; Germany continues to weaken; Caixin reported soft China July manufacturing PMI; Hong Kong reported weak Q2 GDP data
  • ""

    Dollar Firm as Markets Reassess Powell’s Message

    July 28, 2022
    • Investor Services
    The two-day FOMC ended with a 75 bp hike to 2.50%; market expectations for Fed tightening are diverging; Powell was suitably hawkish during his press conference; and reiterated the Fed’s laser focus on inflation; we get our first look at Q2 GDP; it looks like some fiscal stimulus is coming in the U.S. after all; eurozone confidence continues to plunge in July; ECB officials are starting to acknowledge recession risks; July eurozone CPI readings will start to roll out; BOJ Deputy Governor Amamiya sees wage gains picking up next year; Australia reported soft June retail sales
  • Spanish dictionary out of focus with area in focus by magnifying glass. Presbyopia. Older people

    Getting Clear on Uncleared Margin Rules

    July 26, 2022
    • Investor Services
    In September 2022, the final phase of the regulation on posting and collecting collateral as initial margin for OTC derivatives takes effect and will mainly impact the pension fund and traditional asset manager community. Derek Coyle discusses the scope of the sixth and final phase of the Uncleared Margin Rules (UMR).

  • Securities Lending in 2022: Staying on Course?

    July 21, 2022
    • Investor Services
    Capital and macro markets continue to present market participants and policymakers with a complex and dynamic environment that requires their flexibility to adapt. BBH’s securities lending team provides a mid-year assessment and outlook for H2 2022.
  • Euro-Symbol Statue in Frankfurt

    Dollar Steady Ahead of ECB Decision

    July 21, 2022
    • Investor Services
    It’s all about the ECB today; regional Fed manufacturing surveys for July will continuing rolling out; the ECB is widely expected to hike rates 25 bp; Italian politics have entered a dangerous new phase; the U.K. political outlook has gotten some clarity but the next Tory leader will inherit a terrible situation; South Africa is expected to hike rates 50 bp to 5.25%; Turkey kept rates steady at 14.0%, as expected; the two-day BOJ meeting ended with a dovish hold; Indonesia kept rates steady at 3.5%, as expected
  • Aerial view of heavy truck on a narrow twisting road

    Point of Sale Regulations: The Next Big ESG Deliverable

    July 20, 2022
    • Investor Services
    Managers and distributors are increasingly obligated to engage investors on their ESG appetite. Adrian Whelan sets out the MiFID II Sustainability Preferences and other factors that firms should consider.
  • U.S. Dollars and hourglass

    Dollar Firm Ahead of Key U.S. Data

    June 30, 2022
    • Investor Services
    Fed Chair Powell made some rare comments about the dollar; Chicago PMI will be today’s highlight; May core PCE will be closely watched; Colombia is expected to hike rates 150 bp to 7.5%; BOE Governor Bailey did sterling no favors; the Riksbank hiked rates 50 bp to 0.75%, as expected; Japan reported weak May IP and housing starts data; China reported strong official June PMI readings
  • Cricketers playing in a cricket match

    test

    The Network Forum: Securities Services All-Rounders Step up to Face Seven Emerging Themes

    June 28, 2022
    • Investor Services
    The Network Forum Annual Meeting took place in person, for the first time since the pandemic, at London’s famous cricketing venue, The Oval, to assess new opportunities and risks and how to navigate seven major industry developments. Janet Du Chenne and Sinead McIntosh report.
  • Drone view at windpark westermeerdijk a windmill farm in the lake IJsselmeer the biggest in the Netherlands

    ESG Regulatory Focus: Three Themes to Watch

    June 24, 2022
    • Investor Services
    Simo Liu sits down with Adrian Whelan to discuss three ESG themes including global taxonomies, corporate governance and point of sale rules.
  • US Dollar on financial screen

    Dollar Limps into the Weekend

    June 24, 2022
    • Investor Services
    U.S. yields remain low as recession fears rise; the U.S. yield curve is flattening but nowhere near inverting; Fed Chair Powell broke no new ground in his testimony before the House; Mexico hiked rates 75 bp to 7.75%, as expected; June German IFO business climate came in soft; U.K. reported soft May retail sales; U.K. politics are heating up; Japan reported May national CPI readings
  • Cropped image of an unrecognizable businessman pulling out his empty pocket

    UCITS Side-Pockets: What you Need to Know

    June 13, 2022
    • Investor Services
    With the curtailment of trading in Belarusian, Russian and Ukrainian securities, fund liquidity is high on asset managers’ agendas. BBH’s Adrian Whelan addresses some of the key questions around use of side-pockets for UCITS funds.
  • A photo of Nan Lian Garden in Hong Kong

    Navigating Cross-border UCITS: An APAC Distribution Toolkit

    June 10, 2022
    • Investor Services
    A BBH-hosted webinar examined the key components influencing a successful UCITS distribution strategy in the Asia-Pacific region.
  • Dark stylish speedometer with needle moving to the year 2022

    FundForum 2022: ETFs Stay Strong as Pace of Adoption Accelerates

    June 07, 2022
    • Investor Services
    Post-pandemic concerns and the Russia-Ukraine conflict have not deterred investors from flooding into exchange-traded funds. At FundForum, BBH’s Antonette Kleiser shared highlights of our recent Global ETF Investor Survey.
  • Aerial View Of Hong Kong-Zhuhai-Macao Bridge

    Long-Anticipated ETF Connect Details Open Doors for ETF Issuers in Greater China

    June 01, 2022
    • Investor Services
    Following the May 2022 announcement on product eligibility details of ETF Connect scheme, issuers can now plan product and distribution strategies for the burgeoning Greater China ETF market.
  • Close up image of gear stick

    FundForum 2022: Meet Up to Change Up

    May 26, 2022
    • Investor Services
    Asset managers are facing increasingly rigorous regulatory scrutiny and fast paced technological change as they continue to grapple with market shifts. So when IMpower’s FundForum event called on senior industry leaders to share their collective experience and wisdom, they readily gathered to discuss the next phase of evolution. BBH's Janet Du Chenne reports on the main themes.
  • tea plantations sunset

    2022 Greater China ETF Investor Survey: Thematic Demand Accelerates Among Greater China Investors as ETF Adoption Ramps Up

    May 25, 2022
    • Investor Services
    2022 marks our fifth annual survey of ETF investors in Greater China where we highlight emerging trends in usage, selection, and demand for ETFs in the region.
  • ""

    Audio series

    Demystifying Cross-Border Fund Distribution

    May 23, 2022
    • Investor Services
    Partnerships between fund managers and third parties in the distribution ecosystem are on the rise. In this four-part audio series, Killian Lonergan shares his insights on the key trends and how to manage the complexities involved.
  • ""

    Dollar Climbs as Risk Off Impulses Build

    May 12, 2022
    • Investor Services
    U.S. yields are lower as risk off sentiment takes hold; April U.S. PPI data now takes center stage; Fed officials remain hawkish; the heavy slate of UST issuance concludes; both Mexico and Peru are expected to hike rates 50 bp; more ECB officials are on board with July liftoff; yet ECB tightening expectations remain subdued; U.K. monthly data dump was weaker than expected
  • male hand squeezes a sponge for washing with water and drops fall down concept on a light blue background

    FX Quarterly for Second Quarter 2022

    April 27, 2022
    • Investor Services
    In the latest FX Quarterly, our strategists highlight the key factors driving global economies.
  • Landscape of beautiful sunset in the desert. View of high sandstone hills and dramatic cloudy sky

    A New Dawn for U.S. Private Funds

    April 27, 2022
    • Investor Services
    Regulatory reporting proposals could have significant consequences for private fund advisors, writes BBH’s Adrian Whelan.
  • Futuristic portal or tunnel

    U.S. SEC Moves to Tighten Security on the Industry's "Digital Doors"

    April 25, 2022
    • Investor Services
    BBH’s Adrian Whelan looks at three significant points from the SEC’s recent proposals for new cybersecurity related rules.
  • Rolled up bank-notes from various countries

    Dollar Firm in Subdued Holiday Trading

    April 15, 2022
    • Investor Services
    U.S. rates have resumed their move higher; Fed officials remain hawkish; the Fed’s pivot to limiting demand is noteworthy; retail sales data are worth discussing; despite the holiday, some U.S. data will be reported; ECB delivered a dovish surprise
  • Abstract technology background, big data digital line wave business concept

    FinovateEurope 2022: Where to Next on the Financial Services Digital Journey?

    April 11, 2022
    • Investor Services
    With new technologies accelerating financial services’ digital transformation, BBH’s Cameron Jack and Janet Du Chenne attended FinovateEurope and report on the fundamental changes since the pandemic and evaluate the roles of incumbents and fintechs in setting the future direction of travel.
  • ""

    Dollar Firm as U.S. Rates Continue to Move Higher

    April 11, 2022
    • Investor Services
    U.S. rates continue to move higher; Fed officials are likely to remain hawkish; France held its presidential election Sunday; U.K. began its monthly data dump on a soft note
  • Facade on the Federal Reserve Building in Washington DC

    Brainard Pushes U.S. Rates and Dollar Higher

    April 06, 2022
    • Investor Services
    Hawkish Fed comments continue to roil the rates markets; Fed tightening expectations remain heightened; U.S. yields continue moving in the dollar’s favor; the 2- to 10-year curve is no longer inverted; FOMC minutes will be released; as we warned yesterday, default risk has risen for Russia
  • ""

    Dollar Firm as U.S. Rates Move Higher

    April 04, 2022
    • Investor Services
    This is a very quiet week for the U.S. in terms of data; U.S. yields have resumed moving in the dollar’s favor; another portion of the U.S. yield curve has inverted; Colombia central bank minutes will be released; ECB tightening expectations remain heightened after last week’s CPI shocker
  • Aerial view green forest foliage summer warm sunlight. Natural green background.

    10 Key Takeaways From the SEC’s Climate Disclosures Proposals

    March 31, 2022
    • Investor Services
    BBH’s Adrian Whelan looks at the primary proposals from one of the most significant U.S. climate related policy actions to date and the practical implications for asset managers.
  • Top view of the intersecting freeway road overpass at the eastern outer ring road of Bangkok, Thailand

    Cross-Border Fund Distribution Regulations: Knowing How to Adapt

    March 29, 2022
    • Investor Services
    Regulations are an inevitable part of any cross-border fund distribution strategy, but the way in which firms adapt to them often dictates whether they help or hinder their European fund distribution models. BBH’s Killian Lonergan looks at three regulatory themes and the approaches that could spell success.
  • ""

    Pace of Investor Demand for ETFs Accelerates, Closing the Gap with Other Investment Products

    2022 Global ETF Investor Survey

    March 15, 2022
    • Investor Services
    In our ninth annual ETF survey, we examine how investors are selecting and utilizing ETFs in their portfolios.
  • Stacked blue oil drums

    Dollar Firm as Markets Await Fresh Drivers

    March 03, 2022
    • Investor Services
    Fed Chair Powell is the latest Fed official to look through the Ukraine crisis; we believe the Fed hikes 25 bp at the March 15-16 FOMC; ISM services PMI will be the data highlight; the Fed released its Beige Book report for the March 15-16 FOMC meeting; BOC hiked rates 25 bp to 0.50%, as expected; MSCI and FTSE Russell are both cutting Russia from their major equity indexes; Moody’s and Fitch both cut their sovereign rating for Russia two full steps; eurozone reported January PPI
  • Beautifully rendered depiction of a binary data stream, perfectly usable for a wide range of topics related to the internet, computer networks or artificial intelligence.

    Scaling Automation through User Adoption and Governance

    February 23, 2022
    • Investor Services
    Asset managers are increasingly focused on achieving scale and creating operational efficiencies. But as demand for transformation and automation increases, successfully deploying new solutions can be challenging.

  • Managing the Present: U.K. Alternative Funds

    U.K. Long Term Asset Fund – Launchpad To Alternative Future

    February 09, 2022
    • Investor Services
    With a growing focus in asset management on retail investor access to less liquid alternative investment funds, the U.K has mobilized the Long-Term Asset Fund (LTAF). Lata Vyas and Andrew Ritchie explain why 2022 could be a big year for this special purpose investment vehicle.
  • 2022 Regulatory Field Guide: Revisiting the Past, Managing the Present, Embracing the Future

    2022 Regulatory Field Guide: A Year of Revisiting the Past, Managing the Present, and Embracing the Future

    February 09, 2022
    • Investor Services
    The regulatory environment across the globe is as dynamic as any time in the last decade. We bring you this guide to light a path on your regulatory journey for 2022.

  • Managing the Present: The SEC Agenda

    Gensler's Huge Year Ahead

    February 09, 2022
    • Investor Services
    As the U.S. Securities and Exchange Commission pursues an agenda more aggressive than we have seen from the market watchdog in decades, its leader must find a delicate balance between fostering market growth and innovation with investor protection principles.

  • Revisiting the Past: U.S. Securities Settlement

    U.S. T+1 Settlement: Hitting the Accelerator

    February 09, 2022
    • Investor Services
    Following dramatic market volatility events, the U.S. post-trade industry is deftly mobilizing to move securities settlement cycles to T+1. Adrian Whelan and Derek Coyle explore why shortening the U.S. settlement cycle is so significant to asset managers globally.

  • Revisiting the Past: EU Capital Markets Union

    Europe Sketches Out Its Financial Future: ESG, Digital and Retail Access

    February 09, 2022
    • Investor Services
    Plato is credited with famously saying “necessity is the mother of invention”. This phrase couldn’t be more appropriate for the European Union’s capital markets as they head into 2022. Olena Pochekaylo explains why.
  • European Flag in black and white

    Revisiting the Past: Alternative Funds

    ELTIF 2.0 – Second Time’s a Charm

    February 09, 2022
    • Investor Services
    New revisions to the European Long-Term Investment Fund remove many of the regulatory and structural impediments managers face when utilizing them currently and place them neatly into the EU regulated fund structure toolkit, writes Adrian Whelan.

  • Managing the Present: US Regulations 2022

    US Regulatory Overview: What to Expect in 2022

    February 09, 2022
    • Investor Services
    BBH’s Adrian Whelan sat down with Amy Matsuo, Principal and Leader of Environmental, Social and Governance (ESG) and Regulatory Insights at KPMG, to discuss the main regulatory drivers for the U.S. asset management market in 2022.

  • Embracing the Future: Rule fragmentation and inconsistent definitions

    ESG is Everywhere, But What Next?

    February 09, 2022
    • Investor Services
    Adrian Whelan looks at the top 10 themes in environmental, social and governance investing that could influence rulemaking in 2022.

  • Embracing the Future: Digital Currency

    Steering New Money: Digital Currency to Get its Own Set of Rules

    February 09, 2022
    • Investor Services
    Rules governing crypto, stable coins, and central bank digital currencies look set to shift gears in 2022 as regulators enter the new money fast lane, write John Siena, Tim Bosco and Ingrid Mosquera.
  • Regulatory Field Guide: LIBOR Leftovers

    Embracing the Future: LIBOR Transition

    LIBOR Leftovers

    February 09, 2022
    • Investor Services
    Financial institutions have had a lot on their plates in bidding farewell to the most popular interest rate benchmark. Sinead McIntosh assesses industry progress in moving away from LIBOR to alternative risk-free rates and the extent to which it will consume the regulatory agenda in 2022.
  • Black and white image of flowers

    Revisiting the Past: Global AML

    Anti-Money Laundering Surveillance: A Regulatory Perennial

    February 09, 2022
    • Investor Services
    Global asset managers and policymakers remain engaged on the eternal areas of anti-money laundering regulatory policymaking. Adrian Whelan reviews the latest developments.
  • Black and white image of an old theatre showing the crowd and screen

    Revisiting the Past: AIFMD

    AIFMD II – A Highly Anticipated Sequel

    February 09, 2022
    • Investor Services
    With the outcome of a review of for alternative investment fund managers pending, Ainun Ayub and Adrian Whelan assess whether the proposals spell a feel-good blockbuster or a more dramatic follow-up.
  • Black and white image of a man pulling his hand luggage across a train platform

    Revisiting the Past: PRIIPs, CSDR, and SFDR

    Delayed, But Not Cancelled: Some Regulatory Breathers

    February 09, 2022
    • Investor Services
    Key deferrals of regulatory implementations in Europe have afforded asset managers some welcome respite, but much preparatory work remains for each.
  • People walking over a world map

    Managing the Present: Securities Settlement

    Living With CSDR

    February 09, 2022
    • Investor Services
    As regulation harmonizing how central securities depositories in Europe operate continues to evolve, it’s impact will likely be felt by all participants in the post-trade chain in 2022 and beyond, write Sinead McIntosh, Derek Coyle and John Siena.
  • Abstract image of the globe

    Embracing the Future: Global Regulations

    IOSCO: What’s Next on the International Regulatory Agenda?

    February 09, 2022
    • Investor Services
    Martin Moloney, Secretary General of the International Organization of Securities Commissions, talks to BBH’s Adrian Whelan about the key issues and trends shaping the global regulatory landscape in 2022.
  • Sunrise over planet Earth, view from space

    In Focus – A Look Forward: 2022 Tax Changes Impacting Global Portfolio Investors

    February 04, 2022
    • Investor Services
    In this edition of In Focus, we provide a comprehensive list and breakdown of 2022 local law changes impacting tax rates, documentation, and market procedures, as well as the newly ratified DTATs and protocols that result in a tax rate impact to our clients.
  • Illustration of futuristic abstract background, particle shape of waves white color on dark blue background

    Modernizing Alternatives Executions Management

    January 27, 2022
    • Investor Services
    Lata Vyas explores how managers can automate to achieve a bird’s eye view of executions across their portfolios, facilitating investor access to private market assets.
  • Rock climber clinging to a cliff

    Securities Financing in 2022: Hold on Tight!

    January 27, 2022
    • Investor Services
    There is no time like the present to take stock in what has been a dramatic start to the year for capital markets. This article looks at what volatile market conditions, a hawkish shift in central bank policies and a refocus on fundamentals will likely mean for securities lending in the year ahead.
  • Tile for FXQ1 2022: Global Liquidity Taps are Closing

    FX Quarterly for First Quarter 2022

    January 26, 2022
    • Investor Services
    In the latest FX Quarterly, our strategists highlight the key factors driving global economies.
  • Big data abstract visualization: waves on surface of the sea of information

    Automating Private Markets With People at the Core

    January 13, 2022
    • Investor Services
    In this series, we explore how automation can enable firms to scale by giving technology toolsets to subject matter experts to develop use cases for the low volume, non-standardized servicing activities.
  • Overview of Machu Picchu, agriculture terraces and Wayna Picchu peak in the background

    Latin America: Navigating the UCITS Distribution Landscape

    January 12, 2022
    2 min read
    • Investor Services
    BBH hosted a webinar of cross-border fund experts to discuss the potential of the Latin American market and provide guidance on the best ways to market and distribute to local investors.
  • Benjamin Franklin's eye close-up from one hundred dollar bill

    Dollar Firm in Quiet Start to the New Week

    January 10, 2022
    • Investor Services
    The Fed continues to tilt more hawkish; U.S. rates market continues to adjust to the new Fed messaging; the week starts off quietly ahead of key inflation and retail sales data later this week; Brexit tensions are back
  • Consultant Newsletter logo on blue background

    BBH Market Engagement Update: Q4 2021 Consultant Exchange

    December 20, 2021
    3 min read
    • Investor Services
    In this issue of Consultant Exchange, we take a look at some of the key themes we are seeing in the market.
  • Public binocular telescope binoscope, on top of observation deck looking at cityscape view

    Seven Trends That Will Shape Private Markets

    December 16, 2021
    • Investor Services
    Industry practitioners recently met virtually and in-person at alternative investment conferences in London, Luxembourg and New York to exchange views on private markets. BBH alternative fund services specialists attended these events. Hit the play button to hear more and read the full report to find out what will drive growth.
  • Railway junction-Railroad tracks in blue background

    Making the Switch: New Impetus for Turning a Mutual Fund into an Exchange-Traded Fund

    December 02, 2021
    • Investor Services
    Now in its second edition, this guide by BBH and K&L Gates assesses regulatory, business, and operational considerations for converting a mutual fund to an ETF and presents a case study of a recent switch.
  • Euro-Symbol Statue in Frankfurt

    Germany’s New Chancellor; RBNZ Hikes Again

    November 24, 2021
    • Investor Services
    The dollar is slightly weaker on the day, but moves have been modest ahead of the U.S. holiday. The biggest headline came from Germany, with Olaf Scholz is set to become the next German Chancellor. Also, the RBNZ continued its fight against inflation overnight and raised interest rates by 25bps while signaling there is more to come.
  • Location marking with a pin on a map with routes

    The U.K. maps out its ESG journey

    November 18, 2021
    • Investor Services
    As the U.K. embarks on its post-Brexit regulatory journey, ESG is an area of policymaking where the rules are being framed to be similar but not the same as those of the E.U. These areas of divergence will occupy many asset managers’ minds as they look to compare and contrast rulesets, writes Adrian Whelan.
  • ""

    Dollar Firms Ahead of Retail Sales Data

    November 16, 2021
    • Investor Services
    October retail sales will be the data highlight; reports suggest President Biden has made his choice for Fed Chair; regional Fed manufacturing surveys for November have started rolling out; BOC Governor Macklem is sounding more hawkish; U.K. reported solid labor market data
  • Dresden old town skyline along the Elbe river with reflection during evening twilight. Germany.

    Germany: Navigating the UCITS Distribution Landscape

    November 15, 2021
    • Investor Services
    BBH hosted a webinar of cross-border fund experts to discuss the potential of the German market and provide guidance on the best ways to market and distribute to local investors.
  • Set of Cables micro-USB to USB on light blue background

    Preparing for ISO 20022 - the data advantage

    November 08, 2021
    • Investor Services
    The new messaging standard could unlock richer data sets across cash and payments transactions. BBH’s Shruti Aggarwal and John Wallis set out what firms should consider in their migration plan.
  • ""

    Dollar Outlook Remains Positive as New Week Begins

    November 08, 2021
    • Investor Services
    The U.S. Treasury will sell $56 bln of 3-year notes today; U.S. rates have fallen since the FOMC decision; Chile reported higher than expected October CPI; the ECB debate about inflation continues to rage; markets are still digesting last week’s shock decision from the Bank of England
  • Federal Reserve Cloudy Day

    Dollar Steady Ahead of FOMC Decision

    November 03, 2021
    • Investor Services
    The FOMC is expected to announced tapering when its two-day meeting ends this afternoon; ADP private sector jobs will be the data highlight; ISM services PMI for October will also be reported; ECB President Lagarde is pushing back harder against market tightening expectations
  • Sibos conference

    Sibos 2021: Replumbing financial services in a new order

    October 28, 2021
    • Investor Services
    BBH’s experts attended this year’s Sibos and discuss the key themes
  • U.S. Dollars and hourglass

    Dollar Flat as Markets Await Fresh Drivers

    October 26, 2021
    • Investor Services
    Democrats may be nearing a compromise that could unlock trillions in fiscal stimulus; regional Fed manufacturing surveys for October will continue to roll out; Brazil reports mid-October IPCA inflation; U.K. Chancellor Sunak will reportedly unfreeze public sector salaries next April; BOE tightening expectations are getting trimmed;
  • Glowing abstract wave on dark, shiny motion

    Moving into ETFs: The Growing Conversion Trend

    October 21, 2021
    • Investor Services
    The conversion of European mutual funds into ETFs is gathering pace. Deirdre McIlvenna of the Maples Group, and BBH’s Antonette Kleiser discuss the drivers of this trend and key considerations for asset managers.
  • Aerial view of morning mist at tropical rainforest mountain, background of forest and mist

    U.S. DOL: The Pendulum Swings Back Towards ESG Integration

    October 20, 2021
    • Investor Services
    The U.S. Department of Labor has taken a significant step towards the integration of environmental, social and governance (ESG) considerations in pensions management. BBH’s Adrian Whelan sets out how the proposed rule reverses previous barriers to investment.
  • Sun beams through the cloud forest next to a partially lit Inca Trail

    Latin America: The Continent of Hope Delivers for Fund Managers

    October 15, 2021
    • Investor Services
    BBH’s Market Intelligence team reviews opportunities in Latin America and how best to access this promising market.
  • EU and China flags side by side

    Philip Chiang, Relationship Manager at BBH Hong Kong speaks to Michael Chow, Managing Director of Chinese fund manager Fullgoal

    In Conversation With: Fullgoal Asset Management

    October 13, 2021
    • Investor Services
    Five years after Fullgoal Asset Management’s first UCITS fund launch, Managing Director Michael Chow reflects on the firm’s success in targeting global investors and shares his distribution strategy and investment outlook
  • Descending graph with large USD symbol above it

    Dollar Rally Continues as U.S. Returns from Holiday

    October 12, 2021
    • Investor Services
    U.S. rates continue to rise; Treasury has a heavy auction schedule this week; Fed speakers are plentiful; the House is scheduled to vote on the short-term extension of the debt ceiling today
  • ""

    Drivers for the Week of October 10, 2021

    October 10, 2021
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • Blue and black globe with a glowing web of lines surrounding it

    EM Central Bank Update - Hawkish Wave

    October 07, 2021
    • Investor Services
    The hawkish wave continues to sweep more EM central banks, while isolating the remaining dovish few. In this report we elaborate on the recent changes in Poland, Colombia, Brazil, South Africa and South Korea.
  • Conveyors with cardboard boxes on white background. 3d illustration

    Cross-border Fund Distribution: Rethinking the Ecosystem

    October 05, 2021
    • Investor Services
    Amid new rules for cross-border funds in Europe, BBH’s Killian Lonergan sets out the gamechangers for distribution and how fund managers are partnering with external providers in their distribution efforts
  • Camera lens on blurry green background

    Harnessing the Growth of Private Credit

    October 01, 2021
    • Investor Services
    BBH Partner Jean-Marc Crepin in conversation with Capital Four CEO Sandro Näf about the growth of private credit.
  • ""

    Dollar Surrenders Some Post-FOMC Gains

    September 23, 2021
    • Investor Services
    The Fed delivered a hawkish hold, as we expected; we think if job growth improves to around 500k this month, the Fed will pull the trigger on tapering; Powell said that gradual tapering is likely to conclude around mid-2022; there was a hawkish shift in the Dot Plots; Fed regional manufacturing surveys will continue to roll out; Brazil hiked rates by 100 bp to 6.25%, as we expected; Mexico reports mid-September CPI
  • ""

    EM Preview for the week of September 19, 2021

    September 19, 2021
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""

    Major Central Bank Roadmap Update

    September 17, 2021
    • Investor Services
    Six major central banks meet next week. Their respective policy stances should underpin our strong dollar call as monetary policy divergences should continue.
  • ""

    Dollar Retains Gains as Eventful Week Winds Down

    September 17, 2021
    • Investor Services
    August retail sales data are worth discussing; University of Michigan consumer confidence ties into this question about consumption; regional Fed manufacturing surveys for September are starting off strong; ECB denied hawkish comments attributed to Chief Economist Lane; new forecasts from last week’s ECB meeting are not consistent with the FT story
  • U.S. Dollars and hourglass

    Dollar Firm as New Week Begins

    September 13, 2021
    • Investor Services
    After the post-jobs report sell-off, the dollar has come roaring back; due to the media embargo ahead of the September 21-22 FOMC meeting, there will be no Fed speakers this week; the only U.S. data today is the August budget statement
  • ""

    Brazil Protests

    September 09, 2021
    • Investor Services
    Now that the dust is settling after Brazil’s pro-government demonstrations, a clearer picture starts to emerge; it doesn’t look good to our eyes, but we may have reached a local maximum in tensions.
  • Euro-Symbol Statue in Frankfurt

    Dollar Consolidates Ahead of ECB Decision

    September 09, 2021
    • Investor Services
    The Fed Beige Book report painted a fairly upbeat picture for the September 21-22 FOMC meeting; speakers this week suggest the Fed is looking through the August jobs miss; July JOLTS job opening are worth discussing; weekly claims data should show continued improvement in the labor market; BOC delivered a dovish hold, as expected; Peru is expected to hike rates 25 bp to 0.75%