The main tactical challenge asset managers today face is that buy-side firms not only have to monitor one or two regulations at a time; they have to manage a portfolio of ongoing regulatory initiatives and analyze timing and impact on portfolios and on business lines - both globally and locally. Strategic opportunities exist for asset managers to obtain measurable operational gains from prompt and efficient adaptation of regulatory changes.
IT is key to solving the various regulatory challenges in the global financial services industry. Since every asset manager needs to become regulatory compliant, investing in the appropriate solution architecture is an essential requirement. Choosing a solution provider who invests sustainably in regulatory compliance is crucial to providing asset managers with a competitive advantage.