Nearly half of European asset managers doubt transparency of board decisions

43% voiced concerns

European asset managers have said they are becoming increasingly concerned about the transparency of their board decisions amid rising regulation and scrutiny on the industry.

The survey, conducted by online board portal provider eShare, interviewed 50 European asset management professionals and found 43% are not completely confident there is adequate transparency around their board-making decisions. Pieces of regulation such as MiFID II, which came into effect on 3 January, are designed to protect investors and offer increased levels of transparency. However Alister Esam, CEO of eShare, said increasing regulation had also introduced a great deal of complexity as asset managers struggle to meet new regulatory requirements. MiFID II: Firms can expect 'deg...