Did you know that every seven minutes a regulatory update is
issued somewhere in the world?*
In the time it will take you to read this article the regulatory
landscape will have changed, probably only slightly, but still,
that's a lot of new information on a daily basis.
The outsource trend
The regulatory and compliance burden of operating in the
financial industry is nothing new, but as we've passed the 10
year anniversary of the financial crisis and reflect on its real
impact on the funds industry, one of the, perhaps unsurprising,
trends has been the increase in outsourced compliance.
As the costs of compliance continue to rise, leveraging
economies of scale have become a necessity for survival. As the big
become bigger (we have seen some high profile mergers in the last
two years and that trend is expected to continue) what does that
mean for those at the other end of the scale and perhaps even more
importantly those in the middle?
