Almost three quarters of investment managers, 74%, believe that regulation, risk and compliance is the highest priority for the year ahead, according to an industry poll carried out at investment consultancy Investits March 2012 Intelligence Conference in London last week. The conference was attended by 78 senior executives from 25 investment industry firms.
The conference focused on delivering Investits industry research on data management, creating an efficient investment management business, and leveraging mobile technology and social media to enhance the client experience.
The investment managers focused on regulation, risk and compliance as they strive to identify the operations and technology impact of some 14 plus regulations – some of which come into effect this year.
Investit said complying with all these regulations in a short timeframe will impact a firms bottom line and firms need a clear program that identifies all the touch points that these regulations will have on their processing environment.
The second highest priority for 72% of respondents is the management of applications, infrastructure and data programs, as three years of pent up demand are pushing firms to reassess their mix of solutions for efficiency and effectiveness under new market conditions. Data management is critical with firms continuing to focus on organisational structure, governance and security of data as the volume, velocity and variety of data continues to strain current resources, said the firm.
(JDC)