View the article online at http://citywire.co.uk/wealth-manager/article/a758211
A golden age for wealth & fund management as regulatory fog clears
by Dylan Lobo on Jun 23, 2014 at 08:16
‘While the industry is operating within a context of greater certainty there are a number of regulatory challenges ahead,’ KPMG investment management regulatory partner Charles Muller said.
‘Shadow banking is viewed as the next big battleground and greater transparency and consumer protection are the key objectives of regulators. There will be increased pressure on data and reporting with both investors and regulators requiring more meaningful communication from businesses.’
Muller also said the industry would have to be more accountable for performance of its products if it is to fully exploit this opportunity.
‘Asset managers should also expect the themes of conduct and culture to remain high on the regulatory agenda,’ Muller said.
‘As we see greater focus on these areas, asset managers will need to take more responsibility over the creation and performance of their products to make sure they don’t fall foul of conduct rules.’
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