For chief compliance officers at financial firms, following the five Ps -- prioritize, plan, protect, preserve, and paper-- with the help of IT managers will become critical to ensure employees working remotely meet corporate and regulatory requirements. "Even the best designed business continuity plans likely didn't take a global pandemic into account," says Kristin Koloniaris, managing … [Read More...]
Featured Posts
SEC: CAT Reports Can Omit Some Customer Data
Data management units at US broker-dealers and the Financial Industry Regulatory Authority (FINRA) will be creating bogus codes for ending trade execution reports required by the Consolidated Audit Trail (CAT) to conceal the identities of investors and … [Read More]
Coronavirus: Survival Tips for Middle Office Fund Ops
The coronavirus pandemic is frazzling even the best trained middle-office operations managers of US fund management shops who are working in the trenches of a battlezone. The war isn't about setting up remote access to IT systems for employees having to … [Read More]
New Trade Execution Transparency Tests Data Exchange
Complying with a new US regulatory requirement for brokers to give investors more information on trade routing decisions under the amended Rule 606 could come down in the short-term to technologists creating the right packaging as much as operations managers … [Read More]
Vote Confirmation: Devil in the Operations Details
Determining whether a vote was actually counted at a corporate meeting has resurrected a sparring match among transfer agents, financial intermediaries, issuers and Broadridge Financial over how to operationally get the job done. Among the participants on a … [Read More]
BNY Mellon Gives Fund Managers New NAV Agent
Fund managers no longer have to rely on their fund administrator's backup plan or their own when striking or validating a net asset value. BNY Mellon, the world's largest custodian bank, says it can save the day by doing all the operational work using … [Read More]