Fund managers who think that only brokerage firms and banks should worry about the operational and technological changes being wrought by the Dodd-Frank financial reform legislation had better think twice.

Waiting for the Securities and Exchange Commission and other regulators to make up their minds on just how they will implement any high-level requirements for reducing market, credit and operational risk won't cut it, said panelists and attendees at a conference held by the operations trade group International Securities Association for Institutional Trade Communication in Boston last week.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.