Coping with complex regulation remains top of the buy side agenda

London - 4 April 2014

Pressures faced by asset managers was highest priority at TSAM Europe 2014 

The complexity of regulatory reforms in both Europe and the US places added pressure on asset management firms, forming part of the recent shift in strategy. This year, the buy side gathered at TSAM Europe 2014 to discuss how asset managers can successfully gain control of the ongoing challenge of regulatory compliance, alongside the management of vast volumes of data and coping with the cost of improving operating models.

Dealing with regulation in an ever-changing industry was the message being conveyed by a number of panellists and speakers across nine streams at TSAM Europe. Debating how to manage the vast volumes of data in a world of regulation, panellists from BNY Mellon, Northern Trust, Citi and the Investment Management Association discussed the extent to which knowledge plays an important role in data management, particularly as investment managers face increasing regulatory pressure across all regions.

Asset managers are also faced with the task of working out a new operating model to respond to this complex regulation. Panellists from JWG Group, RBC Investor and Treasury Services joined Northern Trust and Groupama Asset Management to discuss the impact regulation has on the operating model and the industry costs. Much of the challenge comes with the need to cope with huge amounts of data to achieve the level of transparency the regulators require.

The themes of regulation and data continued to be the hottest topic at the event where the European Central Bank, Financial Conduct Authority, Financial Stability Board and EFAMA were joined by Patrick Pearson from the European Commission, who discussed the international data sharing agreement. This raised the continued industry debate on the sharing of data and collaboration between Europe and the US. Collaboration between these regions and the rest of the world, to overcome regulatory pressures, is the way to ensure rules around the world match up.

Over 500 buy side executives benefitted from the debate at TSAM Europe 2014 and leave with clarity on some of the most contentious issues in the space.  Uday Singh, CEO, OsneyMedia, commented on the success of the event: “The calibre of speakers and attendees at TSAM Europe this year led to great discussions and an excellent conference buzz. Each year, the discussions generate more debates from the audience, engaging in the real issues the buy side are faced with. I look forward to the TSAM New York conference this June, to continue the discussion.”

 

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