An Ernst & Young survey found that 58% of asset managers are concerned that there is a lack of quality and available collateral, particularly when rules governing over-the-counter derivatives come into effect. Additionally, only 24% said they have faith in collateral-transformation services. "It appears as though some firms do not want the hassle of dealing with the regulatory labyrinth to come, particularly those asset managers that don't have technical resources or sophisticated systems to easily adapt to new rules," said Ernst & Young's Anthony Kirby.

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