Impact of regulatory reform only 50% understood, warns KPMG's Topping
A substantial amount of the regulatory reform sweeping the US and Europe is still little understood and Asian institutions have yet to get to grips with the full impact of these changes, say speakers at industry event in Hong Kong. Intra-day data and new reporting requirements may also prove challenging.
Asian institutions might not yet be feeling the effects of regulatory changes elsewhere, but reform in Europe and the US will eventually have an impact in the region, according to panellists discussing risk and regulations in 2011 at the SunGard City Day in Hong Kong on May 5.
"Only about 50% of what is going to happen is certain; there's still a lot to look out for," says Simon Topping, a partner
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