AIFMD should not be viewed solely as a fundraising regulation, attendees heard at NAREIM’s Virtual Exchange Series: Implications of AIFMD2, held this week
The directive was originally designed to create a pan-European framework for investor and market protection following the global financial crisis, attendees heard. While firms most often experience the rules through marketing restrictions, investor disclosures, and registration requirements, the broader objective is systemic oversight, providing regulators with greater visibility into fund structures, delegation arrangements, liquidity management, leverage, and operational risk.
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For an industry that’s proven to be behind the curve when it comes to technological advancements, there’s no surprise that artificial intelligence is taking commercial real estate by storm. But for what historically has been seen as an IT problem, all job functions across an organization are now being forced to jump on board, as members heard during NAREIM’s Legal, Compliance & Risk meeting this week in Chicago.
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