09/09/2010 Author: Shannon Hawthorne

Asset managers lack confidence in post-FSA regulatory structures

Nearly two-thirds of senior asset management figures remain unconfident about future UK financial services regulatory structures, according to recent research conducted by consulting firm Kinetic Partners. 

In a survey of over 90 senior asset management figures, 65% were not confident that the post-Financial Services Authority (FSA) structures within the Bank of England will be an improvement on the existing situation. 

However, despite this, 80% of respondents expect London to maintain its pre-eminence as the centre for the asset management industry over the next three years. 

“We work in an exciting, dynamic industry at best, but the last two years have been, without a doubt, two of the most turbulent years for the financial services in decades,” said Julian Korek, a founding member of Kinetic Partners. “It is interesting to note that as an industry we are still unsure as to the most appropriate regulatory structures to ensure the success and growth of our sector.” 

The survey also revealed that 57% believe that regulation is the greatest challenge to the asset management industry over the next three years.