FEFSI, the European equivalent of the IMA, says new research shows there is little evidence to suppo...
FEFSI, the European equivalent of the IMA, says new research shows there is little evidence to support capital requirements as the best solution to managing operational risk of asset management companies. Instead, better internal risk management and different insurance policies can achieve better outcomes in terms of operational risks, and at a cheaper cost to companies in relation to their overheads. FEFSI commissioned the research because of ongoing legislative proposals for a new capital adequacy regime in the European Union. "Capital regulation should reduce capital...
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