Hedge Fund Regulation
Unregulated investment funds – commonly known as hedge funds – have have been important participants in the globalised financial markets. Their regulation is however still debated quite heavely. In this article, Alain Friedrich contributes to the discussion of hedge fund regulation and proposes a new regulatory framework by recommending a set of international minimum standards for hedge fund regulation.
The new Intermediated Securities Act - Notes on principles and practical effects
The Federal Act on Intermediated Securities has been in force since 2008. Together with Dr. Martin Hess, Alain Friedrich was one of the first to write a fundamental essay on the new law. Even then it was clear to Alain Friedrich that the future would become digital - The abandonment of trading in physical securities and the introduction of electronically settled transactions and their legal registration was only the beginning.