PR Inside – “Hedge fund managers naturally seek international as well as national investors. To continue to do so in today’s evolving regulatory environment, managers are likely to need to establish operations in the EU for EU domiciled investors, in the US for US investors and offshore for international investors,” said Ogier partner Peter Cockhill.
Citing the various reports and legislative proposals put forward by governments and global regulatory bodies such as the OECD and IOSCO, and tracing these proposals back to their origins, the Ogier seminars drew several conclusions as to potential results.
“Transparency is the new paradigm,” added James Bergstrom. “In the near future only those offshore financial centres (‘OFCs’) which meet the regulatory and tax transparency requirements of the new Financial Stability Board will be permitted to participate in the international financial system.”