Regulation expected to add to costs

Global Administration Round Table: Confronting a challenging environment


Regulators in the US and Europe are pondering how they can tighten the oversight of what they see as secretive and unregulated funds. The fallout from the Madoff scandal is expected to push US lawmakers to impose new rules on independent administration. Investors are already demanding greater transparency of funds and independent valuation.

David Aldrich at Bank of New York Mellon believes quality regulation is a “huge benefit to service providers and we welcome it. To date, self-regulation throu

To continue reading...