Fund firms set for more scrutiny: RBC I&TS

First it was the banks, now it is fund houses that are – or should be – worried about rising regulatory scrutiny. As watchdogs increasingly turn their attention to the non-banking sector, they are likely to force asset managers to provide more and more data on their holdings and activities, said the chief executive of RBC Investor & Treasury Services. This trend is driven by concerns over the transfer of financial risk and assets to the buy-side, Harry Samuel told AsianInves…