Asset managers: Crouch, hold... but do not disengage with regulation!

What we can learn from rugby

With an onslaught of new rules continuing to polarise opinion, rugby is by no means the only industry trying to adapt to change right now.

Whether its intricate reporting, esoteric guidelines on inducements, watertight risk management standards, not to mention the push to disclose ESG considerations in all investor literature, the sheer scale of compliance faced by asset managers makes rugby's rule book seem like an easy conversion in front of the posts. But to all the naysayers that say these new rules only serve to stifle growth in asset management - what is the alternative solution? Rules, at the end of the day, are rules. FCA sets out conditions of review into treatment of politically exposed persons Surely, it wo...