Ten years on: Impact of GFC is still being felt in asset management industry

Fewer firms than in 2010

clock • 3 min read
The effects of the 2008 crisis are still being felt
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The effects of the 2008 crisis are still being felt

There has been a steady number of asset managers cancelling their permissions with an average of 165 per year over the past decade, a recent Freedom of Information (FOI) request to the Financial Conduct Authority (FCA) shows.

However, while the number has been steady since 2011 there is a noticeable shift in 2018 when there was an increase in the proportion of cancelled permissions relating to merger and acquisition activity...

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