Fidessa's Matt Grinnell looks at why hedge funds need to foster a culture of compliance.
Compliance on the buy-side is changing. As hedge funds become
increasingly regulated, the question of how best to achieve
effective and efficient compliance lurks ominously ahead. This
is a challenge that institutional asset managers have had to
address for several years, and their path to compliance is
strewn with stories of both overwhelming success and
debilitating failure. As a result, these seasoned veterans have
plenty of examples and experience to offer hedge funds when it
comes to developing compliance best practices.
What has become clear is that trading compliance is more than
simply a technological challenge. Trading compliance systems
are readily available to deliver highly sophisticated pre and
post-trade reviews, adaptable rules engines and analyses of
trades across all asset classes, including derivatives. But
these systems deliver their best when a true culture of
compliance is established.
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |