European asset managers gear up for CAD3

Even so, many of Europe’s asset management firms are waiting until the final shape of the Basel Accord revisions—and therefore the European Union’s capital adequacy directive (Cad3)—is announced before investing in new technology infrastructure. But not everyone is holding back. In fact, several European investment firms are in advanced preparations for this new regimen. For example, Adam Germany, the domestic asset management arm of Allianz Group, with €192 billion of assets under managemen