Newsletter May 2011: Regulatory change to recast EU fund management

LUXEMBOURG/LONDON – A series of regulatory initiatives since the financial crisis are set to influence the competitive landscape for European asset managers. While pre-crisis regulation focused mainly on market efficiency, many of the new measures are focused on issues of investor protection. At the same time, the pace and rigor of these developments may increase costs and complexity with potential implications for the way in which investment fund managers structure their business and plan their strategy, according to the latest paper on European asset management published by State Street, a leading global custody and asset management firm.