The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Kinetic Partners’ Survey Shows Concerns About the New Regulatory Structure

A survey conducted by Kinetic Partners of over 90 senior figures in the asset management, banking and broking industries shows a lack of confidence in future structures for regulating financial services in the UK. Nearly two thirds (65%) were not confident that the post-FSA structures within the Bank of England will be better than the existing situation.

In addition, 57% cited regulation, including the impact of different global standards, as being the greatest challenge to the asset management industry over the next three years. Over 80% of respondents believe that London will maintain its pre-eminence as the centre for the asset management industry over the next three years. In terms of global growth 79% predicted that the Asia Pacific will experience the most dramatic growth over the next five years.

The survey was conducted this week at Kinetic Partners’ 5th anniversary event at the Museum of London. Over 400 members of the asset management, banking and broking industry gathered to celebrate the firm’s success. In 2010 alone, Kinetic Partners has enjoyed revenue growth of 25% and a 27% increase in client roster. The firm expects continued growth and plans to expand their reach further by entering the Asia market, with a Hong Kong office set to open early 2011.

Julian Korek, a founding member of Kinetic Partners, said: “We work in an exciting, dynamic industry at best, but the last two years have been, without a doubt, two of the most turbulent years for the financial services in decades. It is interesting to note that as an industry we are still unsure as to the most appropriate regulatory structures to ensure the success and growth of our sector.”

Related content

WEBINAR

Recorded Webinar: Sanctions – The new pre-trade challenge for the buy-side

Sanctions screening at the security level is a relatively recent requirement for the buy-side. It dives deeper than traditional KYC and AML screening and is immensely challenging as firms must monitor frequently changing sanctions lists, source up-to-date sanctions data and beneficial ownership data, and integrate these to screen growing lists of potentially sanctioned securities. As...

BLOG

IHS Markit Connects Corporate Actions Solution to DTCC ISO 20022 Messaging Platform to Improve Process Automation

IHS Markit is aiming to simplify and automate corporate actions by connecting its Corporate Action SaaS solution to DTCC’s ISO 20022 messaging platform. The connection will provide direct delivery of corporate actions ISO 20022 formatted messages from the DTCC platform to the IHS Markit solution, giving DTCC users improved straight through processing for corporate actions....

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...