The recent dramatic spike in the number and complexity of regulatory reporting guidelines, has left buy-side firms and administration companies worldwide scrambling to keep up with changes in order to minimize risk and avoid costly filing errors. Recent independent surveys show that one of the main challenges buy-side participants face today is adapting to new regulatory requirements. The Linedata 2016 Global Asset Management and Administration survey reports that 58% of participants cite regulatory compliance as a top challenge facing their firm. In a recent INDATA survey, clients named compliance as their top data management priority. Just this past February, the Securities and Futures Commission in Hong Kong censured a large investment bank for breaches of its Takeover Code.
According to Mitch Greess, CEO of Solutions Atlantic, a company that specializes in automating the workflow to accurately address global shareholding disclosure obligations in over 85 countries, the companies that will manage through this complex and rapidly evolving regulatory environment most successfully are the ones who can keep things simple, and focus on top priorities. Following are his Top 5 recommendations for navigating today’s rapidly evolving regulatory environment. Read more