There is a greater expectation among fund managers than among banks and brokers that compliance spending will increase next year, according to a survey of industry professionals.

Nearly two-thirds, 63%, of respondents at investment banks and brokers expected their budgets for compliance-related activities and technology to increase in the next year, compared with 75% of buyside participants. This is according to a poll of about 300 compliance professionals and risk managers, conducted by exchange operator Nasdaq and research group Aite.