Asset managers struggling with cross-border distribution data challenges

Eyeing tech solutions

The vast majority of asset managers view data requirements as a challenge to their distribution strategies, while almost half agree MiFID II will make their cross-border activity more difficult.

According to the State Street 2018 Fund Strategy Survey, 88% of the 250 global asset managers surveyed see distribution-related data requirements as a challenge to their business plans, as the sector faces increasing pressure from regulators to report on activity. Warning EU proposals will add 'new layer of rules' for cross-border fund sales MiFID II, which came into force in January 2018, is one of a number of post-crisis regulations that requires asset managers to provide greater detail about their cross-border sales activities. According to the survey, 36% said the European regu...