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Posts Tagged ‘ EU ’

The Varoufakis Tape: Part One

Aug 3rd, 2015 | Filed under: Currencies

In a newly released recording (of a conversation apparently intended to remain secret somewhat longer), the former finance minister discussed the cloak-and-dagger task force that had drawn up plans for a Grexit. And, looking forward, he talked about German ideas that ought to have the French government worried.Read More

Predicting the Re-Creating of the Drachma

Jul 13th, 2015 | Filed under: Currencies, Insolvency

The prime minister has pushed aside the Greek Finance Minister, Varoufakis, and has replaced him with Tsakalatos. Is this change a matter of conciliation? or further defiance? Read More

AIFMD Developments: Movement Away From Flexibility

Apr 29th, 2012 | Filed under: Regulatory

What was clear after even Level 1 adoption last year was that the AIFMD would require managers to disclose a good deal more to their home market authorities than has been their wont; that leverage shall be closely monitored once it is deemed to have been employed “on a substantial basis at the level of the AIF,” and leverage may well be limited outright; further, it was clear that depositary institutions will be saddled with new liabilities. These bullet points might be implemented with various degrees of rigidity, and that is the continuing subject of debate. Read More