In the wake of the global financial crisis it is very clear that
regulation and supervision are affecting banks' strategies and
business models in an unprecedented and, for some, previously
This latest paper from Deloitte's EMEA Centre for Regulatory
Strategy and Banking Union Centre in Frankfurt explores the
challenges that many banking executives are facing in order to
design a sustainable business strategy in a world in which
increased regulatory and supervisory pressures are challenging the
fundamentals of existing business models in an unprecedented
With soaring capital and liquidity requirements demanded by
regulators, regulation is squarely a strategic consideration for
today's financial institutions. What is more, the strategies
and business models of individual banks are now firmly in the
sights of supervisors driven by the new paradigm of
forward-looking, judgement-based supervision advocated by many as
the 'antidote' to the box-ticking supervision of the
This point of view seeks to tackle these issues, and to answer
some of the questions they raise. Can banks do better? Could taking
the supervisory perspective even be a source of additional
strength? And are there opportunities to use regulatory and
supervisory imperatives to drive cost savings, create commercial
opportunities or to accelerate adoption of new business models -
especially in the area of IT infrastructure, data management, and
This article contains general information only, and none of
the Deloitte entities belonging to the Deloitte Network is, by
means of this article rendering accounting, business, financial,
investment or other professional advice or services. This article
is not a substitute for such professional advice or services, nor
should it be used as a basis for any decision or action that may
affect the reader's finances or business. Before making any
decision or taking any action that may affect the reader's
finances or business, the reader should consult a qualified
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UCITS may invest in financial derivative instruments for investment purposes subject to a variety of conditions as outlined below relating to the nature of the exposures taken, the leverage generated through such positions, the process employed by the UCITS to manage the risks arising from derivatives investment as well as rules relating to OTC counterparty exposure and to the valuation of derivatives positions.
Luxembourg already possesses a range of structures, both regulated and unregulated, that are used for the establishment of alternative investment funds.
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