According to a State Street commissioned survey, 56% of asset
managers and asset owners will increase their technology and
operational capabilities over the next year to manage financial and
other data to meet regulatory compliance deadlines, due to new
global regulations and volatile market liquidity. Despite
compliance deadlines being a year away, many fund managers are
taking the steps needed to be compliant in a complex
rapidly-changing regulatory environment, finds the survey. With SEC
rules "focusing on monitoring, managing and reporting a broad
spectrum of data. Fund management and boards have been actively
evaluating and planning for how to best address these regulations
within their operations to achieve compliance by the specified
date," says Brenda Lyons, EVP and head of the specialized
products division for State Street.
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