The fund management industry appears to be expecting rising revenue over the next few years, but looming changes in regulatory procedures have some concerned about their ability to comply, a new study by PricewaterhouseCoopers reports.
Of the 81 international financial institutions questioned for the study, 55% said they foresee investment and fund management revenues improving by at least 20% over the next three years.
Though roughly 44% were not as optimistic, the study found, predicting a slower expansion of about 5%.
But the major trend found by the study is that a staggering majority of institutions say they do not think they have the internal controls in place to ensure proper risk management, with some 90% saying that they may not be able to keep up with increasing risks and market regulations.