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Lack of demand and regulation to shape 2012
11 January 2012
A raft of industry surveys suggest that this year will be even tougher than 2011, as investment managers and securities traders face a lack of demand and looming regulation. Stephanie Baxter reports
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Pricewaterhouse Coopers
Confederation of British Industry
Investment management and securities trading firms will face further challenges in 2012 after a dismal fourth quarter in 2011 as regulation and unstable markets stain the investment environment.
The start of the New Year is usually associated with a sense of optimism and renewal, but this time round the financial services industry started the year on a rather pessimistic note as mass job cuts were announced and the threat of a Europe-wide recession looms closer.
This fall in sentiment among investment managers and securities traders has been evident in the industry surveys and reports of the past few months. While some parts of financial services saw a spike in business volumes in the final quarter of 2011, asset managers experienced significant drops in both business and profit.
A financial services survey by Pricewaterhouse Coopers (PwC) and the Confederation of British Industry (CBI) shows that managers are less optimistic about their...
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