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Assessing the regulatory impact: the challenges of UCITS III — Germany's regulators become the first to launch derivatives ordinance

KAI D. LEIFERT

Journal of Risk Finance

ISSN: 1526-5943

Article publication date: 1 March 2004

103

Abstract

Historically, risk management was understood as a pure risk reporting function that included the monitoring of restrictions and portfolio management activities. More detailed analysis of customer portfolios was not necessary, and never requested. Resources were allocated to gain more capital, so it was client relationship management that drove the business. In this context, risk management has been mainly regarded as a “necessary” cost factor.

Citation

LEIFERT, K.D. (2004), "Assessing the regulatory impact: the challenges of UCITS III — Germany's regulators become the first to launch derivatives ordinance", Journal of Risk Finance, Vol. 5 No. 3, pp. 7-9. https://doi.org/10.1108/eb022988

Publisher

:

Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited

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