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Majority of fund managers see upcoming regulatory environment demanding more time, says Northern Trust survey

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Close to 70 per cent of fund manager clients, prospective clients and consultants attending a Northern Trust event on regulation believe that the upcoming regulatory environment will demand more of their time, compared with time spent over the past year.

Despite the increasing amount of time required to comply with regulatory compliance, the majority of those surveyed (60 per cent) had not considered utilising technologies such as Blockchain, big data, robo advisors and cognitive computing, to aid regulatory compliance.

“Whilst the time spent complying with new regulation remains one of the greatest challenges for fund managers, it is not surprising to find many fund managers grappling with the costs and additional infrastructure investments required to implement new technologies,” says Robert Angel, global head of regulatory solutions, Northern Trust. “Asset servicers, through their use of innovative and cloud-based technologies and scale are however well positioned to support fund managers.”

Northern Trust most recently enhanced its regulatory risk reporting capabilities using cloud based technology from StatPro’s latest analytics platform, Revolution. The enhancement increases Northern Trust’s ability to provide ex-ante risk analytics for evolving regulations such as the Undertakings for Collective Investment in Transferable Securities (UCITS) and helps improve performance, functionality and flexibility.

“By leveraging StatPro’s technology and latest analytics platform, Northern Trust can better support the increasing risk-based regulatory demands our clients face,” says Ian Castledine, global head of investment risk & analytical services product management, Northern Trust. “Our range of best-of-breed risk reporting tools provide support for the Value-at-Risk (VaR) approach for UCITS. This helps asset managers demonstrate a commitment to risk management expertise and fund transparency as well as gain greater portfolio oversight.”

Northern Trust’s Global Fund Services business provides depositary, custody, fund administration, investment operations outsourcing, and regulatory solutions to investment managers across the globe and across the spectrum of asset classes. It hosts regular events such as the recent one in London as part of its ongoing strategy to understand and remain close to its clients.

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