ARTICLE
6 April 2017

Financial Institutions Expanding Investment In Regulatory Compliance, Data Management: State Street Survey

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Herbert Smith Freehills Kramer LLP

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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...
United States Finance and Banking

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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