Events

Regulatory scrutiny of model-driven asset managers has stepped up since the crisis with marked increase in the frequency and severity of enforcement actions and fines. The highest profile case to-date has been the one brought against AXA Rosenberg on charges of failing to properly correct and disclose a coding error in its investment model. The potentially far-reaching implications of the order have forced managers who rely on quantitative strategies to reassess their oversight and controls. How can we put effective procedures in place without unduly hampering the research and investment processes?

The SQA has put together a program where senior regulators and distinguished investment professionals will describe the evolving standards and discuss how they are responding to them.