Publication Date: 03/12/2012
Vision Focus, December 2012
Publication Date: 08/09/2011
Undertaking for Collective Investment in Transferable Securities (UCITS) funds have gained global acceptance and success on the back of a strong record of sensible regulation, sound risk management and good governance. The latest UCITS directive — UCITS IV — builds on this reputation with the introduction of a more defined and prescriptive governance and risk management regime. In the following Q&A, Willie Slattery, executive vice president, country head in Ireland, and head of offshore domiciles at State Street, discusses the new requirements and highlights the potential for asset managers to differentiate themselves through a best-practice approach.