Shedding Light on Non-Financial Risks, A European Survey

This study is based on a survey of 163 high-level professionals from the European fund industry. The major conclusion is that transparency, information and governance, even though it has arguably been neglected by recent regulatory initiatives, is the most important regulatory theme for professionals (it is top priority for 61% of respondents). The financial responsibility of the industry comes second (40% of respondents). In the latter theme, respondents agree that greater responsibility should be given to asset managers (67% agree), while responsibilities of depositaries should be clarified (75% agree).