By King & Wood Mallesons

Preparing for tougher global private equity regulation

No-one in private equity – wherever they are located – has been able to avoid the impact of financial market regulation over the last decade. Fund managers have been faced with new rules governing their marketing and their remuneration; investors have been forced to re-evaluate the risk of their private equity portfolios and to hold more capital against them. And – although proportionate and well-targeted regulation should be welcomed – the whole industry has had to deal with an overarching scepticism, and at times even hostility, towards the financial services sector which has been reflected in the language used by politicians and campaigning groups and has at times called into question the industry’s very right to be heard.

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