KPMG: Asset managers face 'fragmentation' of global regulation

Compliance under threat from geopolitical uncertainty

Asset management firms face further uncertainty in the coming years as global regulators diverge on key supervisory issues, according to a KPMG report.

The annual report, Evolving Investment Management Regulation, which tracks global regulatory change, has warned while supervisory authorities are implementing similar rules in some areas, they are divided on others. Julie Patterson, KPMG's head of regulatory change in asset management, said: "Reviews of post-financial crisis rules - some of which have yet to bed down fully - and political events are causing nervousness about the direction of travel. "We are likely to see continued convergence of regulatory approach on some issues, but greater fragmentation on others. In the midst of t...