The day after tomorrow for asset management 

Continuing the PricewaterhouseCoopers perspective series on the global financial crisis
 
While the unprecedented crisis of late 2008 revealed clear flaws in the banking system, the asset management sector was shown to be considerably more robust.  Nevertheless, the consequences of the crisis on the sector are likely to be felt at a profound level and for a long time.  Changes in regulations, investor preferences and within the industry itself will provide a range of opportunities and threats that no asset management firm can afford to ignore.  In the second of our "day after tomorrow" perspective series, we set out below some of the most critical issues the asset management sector faces today and in the future:

• Business models are under stress;
• How will investors react in the post-crisis environment?;
• Fiscal pressure will change the shape of the industry;
• A new spirit of co-operation between the G8 and G20 nations will have consequences for most asset managers;
• How will the regulatory maelstrom impact asset managers?;
• Is the "new model" in financial services under pressure?;
• Deleveraging in the banking system will affect asset management;
• Compensation in asset management is likely to take its cue from banking; and
• The re-awakening of Asia.