ESMA Liquidity Stress Testing

As we steadily work through the implementation of the ESMA Liquidity Stress Testing requirements with our clients ahead of the deadline at end of September, we are having a lot of interesting conversations. One key question being discussed is around which historical market scenarios are the most appropriate to stress test the likely behaviour of…

Meet the Carne Digital Team

Introducing Carne Digital Carne’s Digital Team includes IT architects, developers, engineers, programmers, business analysts and project managers. The team is located across multiple Carne offices and is made up of highly experienced professionals from mainland Europe, India and Russia. The team has extensive experience and expertise in designing and building industry software and delivers risk…

Carne-Newsletter-Regulatory-Update

AIFMD Review, TPR Update & New Cayman Regulations

AIFMD Review Article 69 of AIFMD requires the European Commission to review the application and scope of the Directive. Having commissioned KPMG to undertake an initial survey, the Commission submitted a brief report to the European Parliament and the EU Council in June, setting out its preliminary thoughts. On 19th August ESMA wrote to the…

Carne-Newsletter-Regulatory-Update

Private Funds Law

Background The Cayman Islands newly enacted Private Funds Law (the “PFL”) came into full effect on August 8th, 2020 impacting more than 11,000 closed ended funds. Prior to the enactment of the PFL on February 7th, 2020 closed ended funds (referred to in the PFL as private funds) were not monitored by the Cayman Islands…

Carne-Newsletter-Covid-19-update

Covid-19 Update

We remain committed to providing a safe and healthy workplace for all employees, our business partners and our community. From our remote locations we continue to operate as one global team, providing efficient and effective support to our clients using our agile business model and technology. As we continue to adapt to our new reality,…

Spotlight on Sustainability

The COVID-19 pandemic has disrupted all aspects of normal life, with enormous health, economic and social costs. It has also brought home the urgency of a decisive shift to sustainability. Generation Investment Management LLP recently launched their Sustainability Trends Report 2020. In it they show that in the wake of the pandemic, many long-term trends…