The wider asset management agenda

The wider asset management agenda

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“The leaders in the asset management industry are engaging a fundamental rethink of products, distribution, governance and operating models.” Laurent Denayer

The current challenges and opportunities for the asset management industry include:

  • A difficult economic environment
  • Increased competition
  • Evolving needs of investors and distributors
  • An overwhelming global, regional and local regulatory and tax agenda impacting the industry cross-border
  • Increased scrutiny from authorities
  • Increased need and demand for robust governance and internal control (compliance, risk management and internal audit) structures
  • Increased demand for transparency

The industry is impacted by regulatory developments going beyond the regulation of UCITS and management companies, AIF and AIFM, such as:

  • Packaged Retail Investment Products (PRIPs) – Key investor document (KID)
  • Markets in Financial Instruments Directive (MiFID)
  • Solvency II
  • Foreign Account Tax Compliance Act (FATCA)

Thinking beyond compliance and operations, many in the asset management industry are responding to these challenges and opportunities by:

  • Enhancing product ranges and product distribution
  • Streamlining operating models (e.g., consolidation, cross-border servicing)
  • Enhancing governance models
  • Reviewing delegation arrangements
  • Adopting a structured approach to managing regulation

 

Related materials:

Cover Investment Funds in Luxembourg 2014 Investment Funds in Luxembourg - A technical guide - September 2014 The Luxembourg Financial Connection - Issue 22 The Luxembourg Financial Connection - Issue 22 - September 2014
Cross-border management of UCITS Cross-border management of UCITS – enhancing your operating model UCITS and New alternative UCITS in Luxembourg UCITS and new alternative UCITS in Luxembourg
Luxembourg: the gateway for Islamic finance and the Middle East Luxembourg: the gateway for Islamic finance and the Middle East Your bridge between Europe and China: Luxembourg Your bridge between Europe and China: Luxembourg

 

 

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