Fair value-- the term used by accountants to refer to the correct valuation of assets for financial reporting purposes -- should'nt be taken at face value by fund managers or investors when comes to cryptoassets.Anyone who comes to the table unprepared for a potential dispute is foolish as shown in a recent lawsuit involving Polychain Capital, the US' largest cryptofunds. Despite making a … [Read More...]
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Unique Product IDs: Next Challenge for Swaps Reporting
Data operations, trade desk and regulatory reporting managers may soon have gear up for new administrative tasks -- and potentially extra fees-- when reporting their over-the-counter derivatives transactions to trade repositories using unique product … [Read More]
SS&C’s Win of Trade Secrets Suit Highlights Hiring Risks
SS&C Technologies' recent US$44 million jury verdict in a lawsuit against Clearwater Analytics has put Wall Street's legal and human resource managers on alert to protect their firms from the receipt of trade secrets when hiring key employees from the … [Read More]
Free Webinar: Eight Steps to Manage Third-Party CyberRisk
Join FinOps Report (www.finopsinfo.com) for a FREE educational webinar on Managing Third Party CyberRisk: A Best Practice ApproachDate: June 4, 2019 Time: 430PM to 530PM EST Interviewer: Chris Kentouris, Editor and Founder of FinOps Report Panelist: … [Read More]
Crypto-Miners: Are They Broker-Dealers or Math Geeks?
If it quacks like a duck, it's a duck, right. But does it quack?That's the question broker-dealer Templum Markets has raised to the US Securities and Exchange Commission about crypto-miners which has polarized the crypto-community into deciding whether … [Read More]
FINRA: E-Mail Oversight Needs Quantity and Quality
Reasonable. How is a US broker-dealer's compliance manager supposed to interpret that word when it comes to overseeing the firm's e-mail correspondence.With some difficulty and much deliberation on quantity and quality as shown by the … [Read More]