Cet article de Patrick Colle pour Risk Magazine revient sur les modifications du rôle de prime broker dans le cadre de l’entrée en vigueur de la directive en juillet prochain.

AIFM directive changes relationships for prime brokers
Coming into force in July, the AIFM directive will likely to curb the freedom for prime brokers to reuse assets pledged by hedge funds for collateral, resulting in higher fees for services including leverage, says Patrick Colle, general manager of Paris-based BNP Paribas Securities Services
While hedge funds and their prime brokers have always managed their custody needs between themselves, under the alternative investment fund managers (AIFM) directive they will have a new member entering the family, a depository bank, a service that custodians will offer…

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