Wall Street continues to turn up the heat against the US Securities and Exchange Commission's proposal for transaction reporting on securities loans, citing its contradictory analysis on short position and short activity reporting as well as potential operational shortcomings. The SEC recently reopened the comment period for its proposed securities loan reporting plan to adopt new Rule 10c-1 … [Read More...]
Featured Posts
What’s a CUSIP Worth? Over US$1B in Class Action Win
If you think you have been fleeced by CUSIP Global Services and others for paying licensing fees for nine-digit alphanumeric identification codes for US securities you might be entitled to a chunk of at least US $1 billion in compensation if a jury decides … [Read More]
Europe’s CSDR: Fund Managers Monitor Settlement Fails
Operations managers at fund management firms are scrambling to improve how they monitor settlement fails and prevent penalties imposed by their custodian banks just around the corner as mandated under Europe's Central Securities Depository Regulation … [Read More]
Chief Compliance Officers Revisit Personal Liability
It's all about context. That's one key factor a group of financial service compliance professionals wants the US Securities and Exchange Commission and Financial Industry Regulatory Authority to consider when holding a chief compliance officer personally … [Read More]
US SEC Loan Reporting: Ops Cost of Transparency
The operational and legal challenges of complying with the US Securities and Exchange Commission's potential requirement to report information on securities loan transactions to the Financial Industry Regulatory Authority could outweigh the benefits of … [Read More]
LIBOR: Transition 1-2-3 in 2022
Breakups can be messy and switching from the London Interbank Offered Rate (LIBOR) to alternative reference rates (ARRs) will be no exception for trading, operations, fintech, risk and compliance managers in 2022. An ounce of preparing next year can … [Read More]