Registered investment advisers might find it operationally a lot harder and a lot more expensive to value hard-to-price assets held by mutual funds if the US Securities and Exchange Commission's proposed modernization of fund valuation practices is adopted. Appointing a chief valuation officer could become necessary to handle the laundry list of new requirements. The SEC's plan to revamp its … [Read More...]
Featured Posts
OCC’s DLT for Sec Finance: Broker Reconciliations Gone?
Securities finance operations managers at US broker-dealers clearing their securities loan deals through the Options Clearing Corp. (OCC) could soon reduce if not eliminate time-consuming manual reconciliation work thanks to its new distributed ledger … [Read More]
Coronavirus :The Corporate Actions Side Effect
Corporate actions analysts and operations managers working remotely during the coronavirus pandemic could unintentionally end up leaving money on the table as they scramble to deal with companies either postponing some events or changing the terms of … [Read More]
COVID-19: Addressing Return to Work Legal Quirks
The eventual return of Wall Street's trading and operations executives to their physical offices as the coronavirus pandemic subsides could end up being a cause for litigation and employee angst, rather than celebration, if C-suite executives don't carefully … [Read More]
SEI Sues SS&C For Threatening to Shut Advent/Moxy Access
Fund administrator SEI Global Services has sued rival SS&C Technology Holdings and subsidiary SS&C Advent for allegedly trying to put SEI out of business by cutting off its access to critical portfolio accounting technology SEI needs to service its … [Read More]
CSDR: Partial Settlement Means a Full Ops Headache
In permitting partial settlement of securiies transactions to relieve financial penalties, the new European Central Securities Depository Regulation (CSDR) will unintentionally cause fund managers, broker-dealers and others more operational grief. The CSDR … [Read More]