Arnaud Claudon, head of depositary banking, BNP Paribas Securities Services, says AIFMD will bring ‘greater stability’ to European alternatives market…

We have everything in place for the transition to AIFMD and welcome the new regulation coming into effect. We have our depositary licences where needed for example in the UK, and our operations are prepared and ready to go across our depositary network in Europe. 
  
The regulation brings greater stability to the European alternatives market and further protection for end investors. We are pleased to be able to serve new and existing customers from around the world under the AIFMD. We are ready to help them to comply with the new regulations with a full set of pragmatic solutions to allow them to continue marketing their products to European investors.It has launched depositary banking in several new locations since the announcement of AIFMD, most recently in the Netherlands and the UK.