A poll of investment managers published by Investit suggests that just 16% feel ready for day one of the AIFM Directive, with its implementation date of 22 July.
In an effort to reduce the counterparty risk associated with OTC derivative trades, regulators are enforcing central clearing and strict margin requirements that limit eligible collateral to the most liquid and lowest risk assets, according to a report by consultants at Investit.
The dual demands of regulatory changes and client focus will be the drivers for the investment management industry in 2013, according to a survey by consultancy Investit.
Investit, a management consultant, has said new research points to a 16% staffing cost saving if management firms outsourced their operations, technology and support functions.