Certain EU and Iosco proposals need work, says industry body ICI Global, which has just opened an Asia-Pacific chapter and welcomed its first Chinese fund house as a member.
The global move towards central clearing, and the posting of margin on uncleared OTC derivatives, sees asset managers increasingly looking to outsource collateral management.
Iosco is consulting the industry on short selling in the areas of appropriate controls, reporting, compliance and enforcement systems, as well as possible exemptions.