- April 1, 2013, Vol 7, No 4

To read this full article you need to be subscribed to Institutional Real Estate Europe

Shop Talk: A conversation with Gabriel Bernardino

by Richard Fleming

For many people, the global financial crisis of 2007–2008, and what has or has not happened since, was living proof that the regulatory system was not fit for purpose. It failed to flag up the weaknesses in the system, to allow timely intervention and corrective action, and it did not provide the protection for end-users that governments and authorities thought was in place. Beneficiaries of retirement income arrangements — past, present and future — have suffered particularly from the subsequent and continuing downturn in financial markets. The European Union (EU), through the European Commission, has been particularly active since 2007 in putting forward new mechanisms aimed at dealing with these regulatory shortcomings and preventing a recurrence of the perceived failings and excesses of the past. The real estate investment industry is now coming to terms with the effects — some intended, some possibly not — of inter alia the incoming Alternative Investment Fund Manager

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy