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18 July 2012

IPE: Asset managers worldwide facing 'avalanche' of regulation

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According to a report by KMPG, differences between the changing regulatory regimes around the world are still causing big problems for investment managers.

The advisory firm also found early signs of similarity emerging between the new rules being implemented in different countries. John Schneider, head of KPMG's investment management regulatory practice in the US, said: "We are beginning to see progress toward more consistency with regard to global regulations, but there still remains disparity in the regulatory requirements across the regions. The goal is to reach a global connectiveness and consistency as to how regulations unfold, which is critical if we are to make sure the competitive landscape is not significantly altered."

Despite the problems the mix of new regulation pose, regulatory change could also lead to business growth for investment managers, by increasing transparency and inspiring trust, the report found. Jim Suglia, head of global advisory at KPMG, said: "While there is significant pressure on the investment management industry today from individual and institutional investors for more transparency, this could very well lead to more opportunity for growth as investors' confidence is strengthened".

Full article (IPE subscription required)

© IPE International Publishers Ltd.

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