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UK Asset Management Firms Ramp Up Brexit Preparations

UK asset management firms are busy re-focusing their risk and regulatory priorities, according to EY’s latest Risk and Regulation in a digitalised world. The vast majority (85%) are ramping up their preparations for Brexit, up from 71% last year, as the countdown to the transition period begins. EY’s ninth annual Risk and regulation in a digitalised world  study, based on one-to-one interviews with 50 UK asset managers of varying sizes and types, also revealed that firms are reassessing their business models in a number of different areas. Data is king 97% of UK asset manager respondents cited data security – whether relating to...