Since March, financial market participants have witnessed a storm of extreme volatility that has forced regulatory bodies to bring significant changes to the short-selling rules across global equity markets. While a majority of the jurisdictions in the European Union have decided to reduce the threshold from 0.2% to 0.1%, jurisdictions hit hard with the current pandemic like France, Belgium, Italy, Spain and Austria have decided to ban short selling for a brief period of one month. In Asia and the Middle East, jurisdictions like South Korea and the UAE have also decided to ban short selling in an effort to combat the virus’ negative impact. Jurisdictions across other continents in less threatening situations have explicitly highlighted that they are keeping a close watch on the current status of the pandemic and would not shy away from taking requisite actions in order to maintain sanity in the financial system.
Amid coronavirus’ growing impact on both the health of citizens and institutions around the globe, authoritative organizations everywhere have taken action to help ease some of the burdens that are coinciding with nationwide lockdowns, closures of non-essential businesses and more. In an effort to mitigate the potential ramifications of the virus on financial market participants, the SEC has announced this month that it will be extending filing deadlines for a number of regulatory obligations including Form ADV, Form PF and Brochure Delivery.
With an increasing importance placed on data science in the field of decision making, many large technology companies are moving towards automating and training their machines to carry out human tasks. It has become imperative over the years to continue developing new models and frameworks to satisfy the growing needs of the asset management industry.
With increasing global regulations and growing pressure to cut operational costs, traditional and alternative asset managers are turning towards technology to increase operational efficiency and gain a competitive edge. Cloud computing continues to be the choice for both newly launched funds and established players. By harnessing cloud-based applications, fund managers of all sizes can reduce capital expenditures and increase firm-wide efficiency.