The Financial Services Authority (FSA) is warning asset managers that outsource activities to external service providers to exercise "care and diligence" when entering into any arrangement, and to ensure they have a "robust" exit plan should something go wrong.
It has written a ‘Dear CEO' letter to express its concerns, pointing out that, based on its findings, it is "not confident" effective recovery and resolution plans are in place for the UK asset management...
Kaynor assumes role
Latest news and analysis
Moves to overweight equities and fixed income
Industry Voice Sponsored by T.Rowe Price: With market volatility likely to persist and the US dollar potentially near a peak, prudent investors may want to position their portfolios to take advantage of assets that have historically performed well late...
The Big Interview: Focus on ethical investment