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US, Europe Diverge On Asset Management Regulation

Regulation between the US and much of the rest of the world is diverging according to KPMG’s 2018 Evolving Asset Management Regulation report. KPMG finds that while Europe and some ASPAC countries continue at a pace with implementing post-crisis regulations and proposing yet more legislation for asset management, the US is putting the brake on new regulations and withdrawing some rules for mutual funds.  There is a common theme among supervisors, though.  Around the globe, they are increasing resources and harnessing new technology. Earlier this year, for example, the SEC signalled a growing number of visits to investment firms as it moves...