PwC sees risk management concerns

Its 2006 Global Investment Management Survey – the second since 2003 – suggest asset managers responsible for $9trn globally have these concerns because of increasing regulatory factors. These include Basel II, anti-money laundering/financial crime laws, the EU Savings Directive, MiFID, corporate governance, privacy protection, International Financial Reporting Standards and Ucits III. These are driving asset managers towards use of automated risk management tools – especially to address concerns “the current move towards use of derivatives in investment management is not matched by ris...