For a long time, special funds involved little regulation and were lucrative. However, the regulation screw has also been tightened recently for special funds.
“The core issue is that the use of single-investor funds should not circumvent the risk management requirements for the investing bank ,” Ulrich Keunecke, a partner at KPMG Law, explains about the higher risk management requirements for banks in the Platow Brief of Oct. 05, 2023.
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