GIPS: 8 Obstacles to Universal Adoption
The Future of GIPS® Series – Part #2
The Four Toughest Questions Facing the Evolution of the GIPS Standards
The Four Toughest Questions Facing the Evolution of the GIPS Standards “In its lifetime the GIPS standards have been updated two times, the last official update was in 2010, although we have released new and updated guidance statements more frequently. The mission of the GIPS standards is to gain universal demand by asset owners, universal compliance by asset managers, and universal support from regulators” Jonathan Boersma, CFA
Despite the high acceptance and compliance rate globally, the GIPS Standards still require a lot more to remove all barriers towards the universal adoption target. The GIPS 2020 project is geared towards the elimination of such obstacles identified.
In this second post in the series, we discuss some of the key obstacles identified and what the likely solution may look like.