European Wealth Managers Navigate New Liquidity Rules and Mercosur Trade Openings

The European Securities and Markets Authority (ESMA) released critical updates on liquidity management tools this week. These guidelines impact fund managers in Luxembourg and Ireland, aiming to protect retail investors in open-ended funds.

The recently signed EU-Mercosur agreement is providing banks in Spain and Italy unprecedented access to South American markets. As private wealth managers in Switzerland face a "deregulation" trend, they are positioning themselves as regulatory navigators to manage the divergence in AI and sustainability rules between the UK and the EU mainland.