Key facts
- The FCA has initiated a review into board effectiveness.
- The review will focus on the use of technology by asset managers.
- Staff are expected to look beyond personal productivity gains to 'game-changing' uses of technology.
The Financial Conduct Authority (FCA) has commenced its latest review concerning board effectiveness within asset management firms. This initiative prompts staff to move beyond incremental improvements in personal productivity and explore potentially transformative applications of technology across the industry. The review aims to assess how asset managers can leverage technology in ways that could significantly alter their operations and strategies.