|
Four consecutive years of difficulties have put pressure on the business models of fund industry players. Since 2008, the financial markets have been hit by the consequences of the subprime crisis, the liquidity and financial crisis and sovereign debts issues.
In this time the confidence of market players and investors has been severely damaged. Regulators have been asked by governments to impose increasingly stringent rules on the market in an attempt to protect final investors and to avoid further scandal. New regulations have imposed an unprecedented compliance burden on managers, involving significant investments in people, processes and technology. But will these regulations provide real benefit to end investors - and is more regulation really what is required?...
|