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  • Walking in a moulin tunnel, just like walking in a crack.
    August 02, 2021
    • Investor Services
    In the latest FX Quarterly, our strategists highlight the key factors driving global economies.
  • Midyear-Securities-Lending-Outlook
    July 29, 2021
    • Investor Services
    In the second half of the year we expect securities lending focus to shift back to the fundamentals, buoyed by continued reopening of world economies.
  • The Cayman Islands Flag. Flag with a beautiful glossy silk texture
    • Investor Services
    In this edition of InFocus, we answer some frequently asked questions related to new rules that certain Cayman entities must comply with in order to meet obligations under the Common Reporting Standard (CRS).
  • Paris cityscape; Eiffel Tower
    June 29, 2021
    • Investor Services
    ESMA's recently released Annual Report covers several areas of focus for regulators in the next few years to come. Here, we break down the top 10 things to know about the future of ESMA.
  • Landscape of Guilin, Li River and Karst mountains. Located near Yangshuo County, Guilin City, Guangxi Province, China.
    • Investor Services
    As part of our eighth annual ETF Survey, we broke out Greater China respondents to outline the emerging trends in usage, selection, and demand for exchange-traded funds in the region.
  • video zoom of Adrian Whelan and Lata Vyas
    June 08, 2021
    Adrian Whelan sits down with Lata Vyas to discuss the latest development in the ELTIF and how it is finding ways to make private markets available to a broader market.
  • Humanoid robots dressed as businessmen
    June 02, 2021
    • Investor Services
    Regulators are reviewing how gamification and other tech led sales techniques sit within their Regulation Best Interest framework after the recent Robinhood/GameStop events. Here, we discuss their considerations.
  • Symbols for international currency.
    May 24, 2021
    • Investor Services
    More and more asset managers are reviewing operational functions like Currency Hedging and reassessing how they are managing their programs following some of the highest market volatility in years. Here, we explain some critical aspects for consideration.
  • A man and a woman doing pullups on the same bar in a gym
    May 10, 2021
    • Investor Services
    The global COVID-19 pandemic has brought the topic of operational resilience to the top of the agenda for regulators worldwide. Here, we sum up some of the common areas of focus among the open operational resilience regulatory assessments and how they are influencing policymakers' actions going forward.
  • ETF + Securities Lending in spotlights on brick wall
    May 04, 2021
    • Investor Services
    A growing number of ETF issuers are turning to securities lending programs as a way to increase revenue, mitigate costs, and counteract downward pressure on fees. In this Exchange Thoughts article, we explore the pivotal role ETFs are playing in the securities lending market.
  • acronym word cloud on light blue background
    May 04, 2021
    • Investor Services
    Environmental, Social, and Governance (ESG) is one of the hottest topics in asset management, and just the start of many acronyms thrown around regularly. Here we discuss the latest ESG acronym: Corporate Sustainability Reporting Directive, or CSRD.
  • Group of participants in an obstacle course climbing a pyramid obstacle
    April 29, 2021
    • Investor Services
    The ability to easily “passport” funds across E.U. borders is a great attraction for asset managers. Here, we discuss the regulations of European Passporting and some of the obstacles that are no longer in the way.
  • Close-up of eagle on US one dollar bill
    April 23, 2021
    • Investor Services
    FAQs on New U.S. Withholding Tax Rules on Transfers of Interests in Publicly Traded Partnerships.
  • FX Quarterly Newsletter using image of green traffic lights
    April 22, 2021
    • Investor Services
    In the latest FX Quarterly, our strategists explore the upbeat global economic outlook as the U.S. eyes a return to normalcy. We also provide our outlook on developed and emerging markets in Q2 2021.
  • Blue squares on a white background
    April 21, 2021
    • Investor Services
    We surveyed private and universal banks on their thoughts about how their approach to business has changed due to working remotely and the future going forward. The survey key findings highlight the challenges, the response, and how we all see new ways of working post-pandemic.
  • Pile of colorful sticky notes with hand drawn question marks. It is a seamless background which was created with adhesive note papers.
    April 16, 2021
    • Investor Services
    In the final part of our three part series on fund liquidity, we focus on the recently published report from European Securities and Markets Authority (ESMA) on its study of UCITS liquidity risk management.
  • Question mark shape cut out in a white post-it-note on a blue gradient background
    April 14, 2021
    • Investor Services
    In Part Two of our three part series on fund liquidity, we focus specifically on European Money Market Funds.
  • Yellow post-it-note pinned to a board with 'What if?' written on it
    April 12, 2021
    • Investor Services
    In Part One of a three part series on fund liquidity, we discuss the important “what if” questions regulators are posing currently.
  • Europe from space at night with city lights showing European cities
    • Investor Services
    We explain more about ELTIF funds and how Europe is refining them to become future leaders in the E.U. fund landscape through an informative infographic.
  • Two men shake hands in front of British flag and European flag
    April 06, 2021
    • Investor Services
    Despite certain points of tension across the asset management industry in the lead up to Brexit, overall things have been pretty calm in the wake of the “divorce”. Here, we discuss the latest Memorandum of Understanding and what it could mean for the industry.
  • Signpost in the mountains pointing way to mount everest b.c., Khumbu glacier and prayer flags, Everest area, Nepal
    March 29, 2021
    • Investor Services
    The first phase of the E.U.’s Sustainable Finance Disclosure Regulation (SFDR) focused on adherence to the E.U.’s ESG agenda, representing the industry’s arrival at basecamp. We outline the three remaining challenges as the focus now turns to the detailed SFDR RTS and Taxonomy alignment.
  • Panoramic view of  colorful sunrise in mountains.

    ETF Innovation Continues to Open Doors for More Dynamic Investing

    March 08, 2021
    • Investor Services
    In our eighth annual ETF Survey, we outline the emerging trends in usage, selection, and demand for exchange-traded funds.
  • Vinyl records with colorful labels on colorful background.
    March 01, 2021
    • Investor Services
    Established in 1985, the UCITS fund structure is two years older than Rick Astley’s hit “Never Gonna Give You Up.” Ever since, investors in Europe and beyond have never given up on UCITS. We explain with a selection of the "greatest hits" from UCITS funds.
  • video chat with Adrian Whelan and Julia Vergauwen
    February 08, 2021
    • Investor Services
    The Sustainable Finance Disclosures Regulation (SFDR) is the important first, big step in a longer E.U. ESG journey to enshrine sustainability across the entire E.U. asset management sector. Lingering questions remain about many of the disclosure requirements and fund classification process as the March 10th deadline nears.
  • blue background with globe
    January 29, 2021
    • Investor Services
    In this edition of In Focus, we provide a comprehensive list and breakdown of local law changes impacting tax rates, documentation, and market procedures, as well as newly ratified Double Taxation Avoidance Treaties (DTAT) and protocols that result in a tax rate impact to our clients.
  • Helping hand with the a sunset sky
    January 27, 2021
    • Investor Services
    The recent 2020 U.S. election results bring new reasons to contemplate significant legislation and policy changes that will shape industry growth trends for the next decade. Could private markets be a source for post-COVID recovery?
  • Cover photo with wooden jenga blocks on a background of timber and Foreign Exchange Outlook for First Quarter 2021 written at the top.
    January 14, 2021
    • Investor Services
    In the latest FX Quarterly, our strategists highlight the key risks driving global economies, including the ongoing COVID-19 crisis and the transition to a new administration in the U.S. We also provide our outlook on developed and emerging markets in Q1 2021.
  • Exchange Thoughts, BBH's ETF Newletter
    January 14, 2021
    • Investor Services
    In a year defined by uncertainty, ETF growth continued unabated. In this Exchange Thoughts article, we reflect on the major ETF themes of 2020 and highlight what to expect in 2021.
  • Rays of sunshine breaking through a cloudy sky
    December 15, 2020
    • Investor Services
    Unprecedented, resilient, and exhausting have all been words that have characterised this challenging year. While the long lasting effects of the pandemic on the global economy has yet to be determined, there is a feeling that we are moving into the next phase of the crisis with investors increasingly refocusing on the fundamentals of their investment decisions. We look at the key drivers in our 2021 Securities Lending Outlook.
  • C-Suite Asset Manager Survey cover
    December 08, 2020
    • Investor Services
    50 senior executives shared their thoughts on 2020’s unique challenges and the future of asset management
  • Stormy sky over a field with a sunny sky off in the distance.
    November 16, 2020
    • Investor Services
    NAV oversight, validation, and contingency plans for unexpected disruptive events had been a high priority of regulators long before the onset of the global pandemic. Now, the increasing new expectations from regulators is adding a layer of personal liability to those who help oversee NAV Production.
  • Two chess pieces one with UK flag and one with EU flag facing eachother on a chess board.
    November 09, 2020
    • Investor Services
    As we approach the conclusion of the Brexit transition period, several key regulatory areas remain uncertain. The Financial Conduct Authority (FCA) recently moved to make decisions which aim to fill in some of the remaining gaps on the Brexit regulatory puzzle.
  • Exchange Thoughts - The Rise of Listed and Unlisted Share Classes
    November 09, 2020
    • Investor Services
    Thanks to evolving regulatory policy in Europe and Hong Kong, more asset managers are considering adding unlisted share classes to their ETFs. We lay out the top considerations for launching unlisted share classes on existing ETFs.
  • Cover of Foreign Exchange Magazine Quarter 4 2020 with marble
    October 14, 2020
    • Investor Services
    In the latest FX Quarterly, our strategists take a deep dive on the key risks driving global economies, including the ongoing COVID-19 crisis and the upcoming US election. We also provide our outlook on developed and emerging markets in Q4 2020.
  • Close up of glasses on blurry city background. Clean vision concept. 3D Rendering
    August 07, 2020
    • Investor Services
    The hallmark of a well-functioning anti-money laundering program (AML) is a clear delineation of roles and responsibilities. We explore how fund boards and asset managers can mitigate risk in an increasingly complex operating environment.
  • Foreign Exchange Outlook newsletter cover
    July 30, 2020
    • Investor Services
    In the latest FX Quarterly, our strategists take a deep dive on the key risks driving global economies, including the ongoing COVID-19 crisis and the upcoming US election. We also provide our outlook on developed and emerging markets in Q3 2020.
  • Open door with the word Webinar over it
    June 16, 2020
    • Investor Services
    BBH’s Andrew Ritchie led a panel of experts, including Diala Minott of Paul Hastings, Milko Pavlov of Houlihan Lokey, and Tim West of EY on the topic of distressed debt. Listen to the full replay of the webinar below.
  • Empty yellow train seats
    May 13, 2020
    • Investor Services
    We created a simple 5-factor model to evaluate the restrictions imposed by different countries, how they compare in terms of severity of lockdown, and where they are heading in the spectrum of reopening. The scale we use measures grade restrictions from 1 (open) to 4 (closed) across the following factors: (a) schools, (b) non-essential businesses, (c) borders, (d) social distancing and (e) severity of penalties/prosecution.
  • Colorful people wearing white masks
    May 13, 2020
    • Investor Services
    We discuss the key economic developments for Brazil, South Africa, South Korea, and China.
  • The earth from space
    May 13, 2020
    • Investor Services
    This edition of our FX quarterly comes out a little later than usual. As March turned into April, there were simply too many uncertainties and unknown developments for us to make any sort of big picture calls with any degree of clarity or certainty. Those two months saw a flurry of policy responses around the globe that we will recount here.
  • Foreign Exchange Outlook newsletter cover
    May 13, 2020
    • Investor Services
    In the latest FX Quarterly, our strategists recount the flurry of global policy responses around the world to the ongoing COVID-19 crisis. We also provide our outlook on developed and emerging markets in Q2 2020.
  • Staying Connected Webcast written in white on a black background with blue sketched earth
    May 01, 2020
    • Investor Services
    In this edition of Staying Connected, Bob Stewart, Head of Global Custody Product, joins Adrian Whelan, Head of Regulatory Intelligence, to discuss some of the many ways the COVID-19 crisis is impacting operational processes across the industry.
  • Shadow of 5 employees working together in the office with constellations infront banner
    April 21, 2020
    • Investor Services
    In this webcast edition of Staying Connected, the BBH alternative fund experts share their insights into how the COVID-19 crisis is impacting asset managers and asset owners of alternative funds.
  • view of world
    April 07, 2020
    • Investor Services
    In this webcast edition of Staying Connected, BBH’s Foreign Exchange team looks at the impact of COVID-19 on global markets and the top considerations for managing FX volatility.
  • Green and white dots connected by lines
    • Investor Services
    How has the ETF structure held up against historic volatility? In short: exactly as designed.
  • Staying Connected Webcast written in white on a cartoon nature background
    • Investor Services
    In this webcast edition of Staying Connected, BBH’s global ETF team looks at how the ETF structure has held up amid historic market volatility.
  • Blue communication lines surrounding the top of Earth against a black background
    March 24, 2020
    • Investor Services
    Listen to BBH’s Adrian Whelan, Head of Regulatory Intelligence, and Orla Foley, Head of Relationship Management Europe, discuss the regulatory response to the COVID-19.
  • marble columns at Supreme court Washington DC
    March 20, 2020
    • Investor Services
    Global regulators continue to react to the various undulations of the markets caused by the ongoing COVID-19 emergency. That’s a bit of an understatement – the response so far has been nothing short of frenzied.
  • Downtown Georgetown overlooking Caribbean sea
    March 11, 2020
    • Global Regulatory Team
    2020 Global ETF Investor Survey Key Findings: ETFs Continue to Chart a New Path.
  • Downtown Georgetown overlooking Caribbean sea
    March 04, 2020
    • Investor Services
    New legislation, which expands on one existing law and introduces another, aims to solidify the Cayman Islands as a leading domicile for global investment funds by aligning its investment fund regulatory regime with other jurisdictions.
  • Cartoon spruce trees surrounding a light green path with mountains in the background
    • Investor Services
    2020 Global ETF Investor Survey Key Findings: ETFs Continue to Chart a New Path.
  • Cartoon spruce trees surrounding a light green path with mountains in the background
    • Investor Services
    2020 Global ETF Investor Survey Key Findings: ETFs Continue to Chart a New Path.
  • panoramic window in the office with Sun shining through
    January 16, 2020
    • Investor Services
    Securities lending demand faced several headwinds in 2019. In 2020, we remain cautious, particularly as we enter an election year in the US. Here we take a look back at 2019 drivers and explore the year ahead.
  • Abstract blue eye against a black background
    January 16, 2020
    • Investor Services
    Beginning in 2020, cross-border settlement failures will come with a new set of potentially costly penalties thanks to the new settlement discipline rules.
  • Colorful eye with pixels coming out
    January 15, 2020
    • Investor Services
    Regulators in the US, Europe, and Asia are paving the way for new types of ETFs, which could keep the ETF boom alive for years to come.
  • Big antenna disk and person looking through telescope at starry night sky
    January 15, 2020
    • Investor Services
    The UK has introduced some of the strictest standards of conduct for senior asset management staff, setting a new bar across the globe.
  • Foreign Exchange Outlook for first quarter 2020 cover
    December 20, 2019
    • Investor Services
    In the latest FX Quarterly, our strategists provide their views on major events across developed and emerging markets in Q1 2020.
  • Abstract Business Person on the Edge of a roof against a green background
    December 20, 2019
    • Investor Services
    With the two biggest tail risks – the trade war and Brexit – seemingly addressed, markets are embracing the improved global outlook.
  • zen garden with raked sand and a smooth stone
    December 20, 2019
    • Investor Services
    Emerging markets (EM) should enjoy a period of relative calm from external factors until the electoral cycle picks up in the US.
  • Red and green line graph points on a forest scene
    December 17, 2019
    • Investor Services
    A recent decision by one of the world's largest pension funds to pause their securities lending program has provoked questions about whether the two disciplines can co-exist in an ESG context. How can firms strike the right balance?
  • Thin glass buildings lining car filled highways at sunset
    October 25, 2019
    • Investor Services
    With less than a year to go before the September 2020 deadline for Shareholder Rights Directive II (SRD II) implementation, industry participants such as intermediaries, asset managers, brokers, and financial institutions are asking “How do I prepare?”

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