Indos: hedge funds switch from depositories affiliated to administrators
A conflict of interest could raise operational risk if one part of a group oversees its affiliate, writes Bill Prew of Indos Financial
The European fund management industry is at a crossroads. Since the aftermath of the financial crisis, firms have been inundated with a host of regulatory initiatives and demands from institutional investors for increased transparency and improvements in governance and operational processes. Most managers have successfully navigated these dual challenges from regulators and investors. For the first time since early 2009, managers are experiencing a brief regulatory lull.
In general, firms appear
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