Digital and data revolution gives asset managers opportunity to move forward
Regulation remains top of the agenda for the asset management industry, as they strive for greater transparency and look to overcome the challenge from non-traditional asset management companies. Due to the digital and data revolution however, there is an opportunity for the asset management industry to adapt and move forward, said buy-side experts gathered at TSAM Europe 2015.
The message being conveyed by a number of panellists across six streams at TSAM Europe was that the regulatory requirements of asset managers is shifting. Debating the horizon of the regulatory landscape in the opening plenary, panellists from the Financial Conduct Authority (FCA), EFAMA and The Investment Association discussed the extent to which the strategy and role of investors acting on behalf of their clients was going to change, as regulators will be identifying if costs are transparent enough, and if they are making a concentrated effort in monitoring and managing risk.
Data management was highly debated, with the discussion focused on how data is becoming increasingly difficult for firms to manage. Due to the vast quantity of data, firms are considering the best and most efficient ways to deal with and report on their data. Much of the challenge comes with the need to cope with huge amounts of data to achieve the level of transparency the regulators require. EFAMA expects to see more requests for reporting, ensuring that the data asset managers receive is useful in helping them overcome this challenge.
“Data can be helpful and useful, as there are things that it can provide to help determine where we may want to spend our resources,” commented William Amos, Director, Wholesale Banking and Investment Management at the FCA.
Uday Singh, CEO, OsneyM Buy-Side, commented on the success of the event: “Each year we continue to strengthen the quality of speakers and attendees at TSAM Europe, and this year was no exception. Opening the day with a great line-up who set the scene of the asset management landscape, led to great discussions across the conference. The conversations really highlighted the issues that the buy-side are faced with and that firms need to act now to invest in technology and make changes for the future.”
Over 500 buy-side executives from across Europe benefitted from the debate at TSAM Europe 2015 and leave with clarity on some of the most challenging issues in the space.