Risk transfer to buy-side seen as positive

The ongoing transfer of financial risk from banks to the buy-side is positive, because the likes of asset managers generally have stronger governance than their sell-side peers, argued Bradley Ziff, senior risk adviser at technology provider Misys. Following the introduction of a raft of legislation in the wake of the financial crisis curtailing banks’ ability to engage in speculative investing, those institutions have been offloading assets to be snapped up by buy-side firms. T…