Asset managers facing 'huge upheaval' from Euro regs

In its report The Changing Shape of European Investment Management, the asset manager said the shift in regulatory focus from enhancing market efficiency to investor protection will impact product development, drive up costs and force a rethink in marketing and distribution strategies. "Regulation will cause huge upheaval, forcing managers to reconsider many elements of their model from how they structure their operations to the type of product and investor they target," said the report. The implementation of initiatives such as MiFID II, UCITS V and the European Commission's review o...