Regulators failing on transparency, asset manager survey finds

Regulatory focus should shift, industry says

Operational risks are growing in the fund management industry, and regulators' responses may be dangerously misdirected, according to a survey by Edhec-Risk and fund administrator CACEIS published this month.

European asset managers polled by the institute traced the rise of non-financial risk to increasingly complex operations and intermediaries' reduced ability to guarantee deposits. They also claimed regulatory priorities were significantly at odds with what the industry actually needed. The