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‘In this world, nothing is certain except death and taxes’ — but what about regulatory change for the investment management industry?
Journal of Securities Operations & Custody,
16
(4),
316-327
(2024)
Abstract
This paper seeks to highlight and address some of the key questions and challenges facing investment management companies navigating a geopolitical and economic landscape that continues to experience significant regulatory change. Managing the complexities of regulatory changes requires a strategic, integrated approach. By staying informed, leveraging technology, prioritising investor protection, engaging effectively with the board and ensuring robust governance and operational resilience, investment management companies can effectively overcome these challenges and maintain compliance in an ever-changing regulatory environment.
Keywords: regulatory change; culture; innovation; regulator; governance; operational resilience; horizon scanning; data lineage
The full article is available to subscribers to the journal.
Author's Biography
Paul Lumsden is a purposeful and outcomefocused professional with a passion for creating innovative strategies that drive business growth, using a blend of 30+ years’ experience gained in global financial markets, regulatory change management, operational processes, and data and technology. He has experience across a wide variety of projects within investment management companies, encompassing an understanding of the operating model strategies that deliver effective customer experience and underpin the processes required to meet regulatory reporting and compliance obligations.
Simon Harris is an experienced Programme/ Project Manager with 43 years’ experience working in the City of London. Thirty-eight of those years have been spent within the investment management industry, in both business and project roles. Major projects undertaken have included the implementation of client reporting systems, business operations relocation and streamlining, product launches and fund range rationalisation and multiple regulatory programmes including MiFID II, GDPR, EMIR, etc.
