The Long-Short is a podcast by the Alternative Investment Management Association, focusing on the very latest insights on the alternative investment industry.

Each episode will examine topical areas of interest from across the alternative investment universe with news, views and analysis delivered by AIMA’s global team, as well as a host of industry experts.

First, they were called “shadow banks”, then they were “non-banks”, neither of which provides much insight into what they are. Who are these amorphous NBFIs and why are regulators so concerned about their potential impact on global financial stability?

To define the indefinable AIMA’s Jiří Król is joined by Karl Wachter, General Counsel at Magnetar Capital and AIMA’s chair, and Martin Moloney, Secretary General of IOSCO to unpick the muddled debate over whether an investment fund can be a bank and how it should be treated by regulators if it does bank-like things.

Among the many areas discussed are private funds’ risk management processes, use of leverage, and liquidity challenges.

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Disclaimer
This podcast is the sole property of the Alternative Investment Management Association (AIMA). This audio production and content are intended as indicative guidance only and are not to be taken or treated as a substitute for specific advice, whether legal advice or otherwise. AIMA permits use or sharing of the content in media or as an educational resource, provided always that proper attribution is made. The rights in the content and production, including copyright and database rights, belong to AIMA.