0000000000286702
AUTHOR
Inna Romanova
Alternative Investment Fund Managers Directive and its Impact on Malta’s Financial Service Industry
The introduction of the Directive on Alternative Investment Fund Managers (AIFM Directive 2011/61/EU) in 2013 means a radical transformation of the EU regulatory landscape for the whole alternative investment fund industry. Taking into account the growing meaning of the alternative investment fund industry in Europe, the aim of the paper is to assess the impact the Directive on Alternative Investment Fund Managers (AIFMD) will have on the Alternative Investment Fund Managers (AIFMs) managing Alternative Investment Funds (AIFs) in the EU. The research is based on the case of Malta, which is a quickly growing financial centre. The main findings are based on an analysis of questionnaire respon…
The Challenges for Regulation and Control in an Environment of Rapid Technological Innovations
Currently, amplified use of the ITC-technologies and digitalization in almost all industries has changed the value and significance of the information. The use of these new technologies offer tremendous opportunities for innovation and development, but at the same time ask for regulation and control policies to ensure appropriate storage and use of information and avoid illicit utilization of data. Moreover, use of innovative technologies such as blockchain-based technology, artificial intelligence, cloud technology, and others has complicated and disrupted the landscape of the financial services providers and their ancillary service providers such as auditors, underwriters, advisors, actua…
ASSESSMENT OF LATVIAN PENSION SYSTEM IN THE CONTEXT OF EUROPEAN PILLAR OF SOCIAL RIGHTS
Latvian pension system is considered to be one of the most sustainable, but it should be mentioned that financial sustainability may be achieved in different ways and sometimes the aspects of sustainability are estimated without considering system’s ability to provide equity, equality and adequacy of retirement provision. The European Pillar of Social Rights has been proclaimed in 2017. According to this statement delivering on the principles and rights defined under the Pillar is the joint responsibility of the EU institutions, member states, social partners and other stakeholders. The 3rd chapter devoted to social protection and inclusion establishes the key approaches to determining the …
Assessment of bank financial health in Latvia
Financially strong, trustworthy and reliable banks form the basis of every economy and are a vital precondition for the stable economic development of every country. The financial health of banks is important for different stakeholders, including bank clients, correspondent banks, state and others. Therefore, lack of appropriate measures for bank financial health can cause a number of risks for the bank stakeholders. Traditionally the assessment of bank financial health and reliability is done by the international rating agencies as Standard & Poor’s, Moody’s and Fitch. These ratings are widely recognized worldwide; however, due to different reasons ratings assigned by the international rat…