As funds look to come to terms with continued fragmentation in the European markets, the need to comply with the latest regulations – AIFMD and UCITS V – will likely prompt reluctant responses from most fund managers, unenthused by the prospect of implementing costly changes that will do little to directly improve profitability.
This is the likely response, but not the best, says Susanna Scheffold, global head of securities services at UniCredit, writing in Global Custodian. Instead, fund managers should focus on the positives: these regulations encourage important values such as security, standardisation and efficiency. And what’s more, the unwillingness of competitors offers progressive funds an opportunity to get ahead of the field by being proactive and well prepared.
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