Getting to grips with legal risk in investment compliance

Few of us need reminding that the asset management industry is facing tremendous challenges at present, not least in investment compliance. If mishandled, it can cost a great deal of money to put right, generate very damaging publicity and result in regulatory action being taken. Before dealing with the legal risks and how to manage them, it is worth analysing just why investment compliance is such a problem.First, especially in times of falling markets, fund managers’ clients have every incentive...

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