Tower Group report shows the asset management industry has been able to harvest useful data on their internal processes.
Compliance with Sarbanes-Oxley has been a considerable cost burden on the investment management industry, but after a year of working to stay within the limits of the regulation, firms are beginning to uncover methods of offsetting some of the expense.
A new TowerGroup report reviewing the impact of SOX on the asset management industry indicates that many managers have emerged from the first year with new and useful data on their internal processes. This data will allow the cost-conscious investment managers to improve the efficiency of key business areas.
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