Investment firms have been told to hold an average of 82% additional capital on top of their own estimates following Financial Conduct Authority (FCA) visits over the past four years, KPMG research has revealed.
The group's report Picking up the Pace, released today, shows asset managers have been forced to cancel dividends, ask parent companies for cash injections and seen share prices tumble following an increased...
Joe McDonnell joins as head of portfolio solutions (EMEA)
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