Regulatory scrutiny for the asset and wealth management industry will continue to increase in the coming years as it grows in scale, scope and significance. Firms are having to make corresponding increases in risk and compliance resources to cope with these demands and the challenges of implementing reforms effectively.
Baringa’s Asset and Wealth Management Regulatory Guide surveys the regulatory landscape over the coming years and identifies some big-ticket changes, such as MiFID II and the Capital Markets Union, which will fundamentally alter the financial market landscape across the EU. We also review the reforms which will shift supervisory expectations in the UK, such as the Senior Managers and Certification regime and the FCA’s new approach to conduct supervision.
Implementing these reforms will continue to force changes across the industry, from fund product features, service provider arrangements, disclosure and reporting, distribution channels, compliance and risk management functions, etc. – and in some cases forcing revision of business models. Firms need to recognise the new landscape and be ready to actively embrace change in order to meet client and supervisory expectations. We have included a Regulatory Developments Tracker which provides a comprehensive overview of key milestones so you can analyse the impact of the evolving regulatory environment in a timely manner and implement programmes to operationalise change.
You can view the guide here: http://www.baringa.com/capabilities/risk-and-compliance/asset-management-wealth-management-regulatory-gu/