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  • BofAML’s Fake Trade Reports: Governance Breakdown?

    How could Bank of America Merrill Lynch get away with giving institutional customers phony trade execution, transaction cost analysis and expense reports for five years?… [Continue Reading]

    BofAML’s Fake Trade Reports: Governance Breakdown?
  • Crypto Laundering: AML Regs Tighten

    Anti-money laundering managers at banks and other financial institutions need to adapt their customer onboarding and transaction-monitoring approaches to cryptocurrency investors or risk regulatory fines,… [Continue Reading]

    Crypto Laundering: AML Regs Tighten
  • GDPR: Final Call for US Asset Managers

    Does Europe’s General Data Protection Regulation (GDPR) apply to me? If compliance and operations managers at US asset management firms are asking themselves that question,… [Continue Reading]

    GDPR: Final Call for US Asset Managers
  • Custody: Unchartered Waters for Digital Assets

    Qualified custodian. That’s a term that compliance and operations managers at registered investment fund advisors, not to mention the US Securities and Exchange Commission, are… [Continue Reading]

    Custody: Unchartered Waters for Digital Assets
  • Striking an NAV: Fund Managers’ Contingency Options

    (Editor’s Update on December 5, 2018: US fund managers are getting serious about striking back-up NAVs on their own. Milestone Group tells FinOps Report that… [Continue Reading]

    Striking an NAV: Fund Managers’ Contingency Options

News You Can Use

SEC’s Oversight of Cryptomarket Prompts Funding Debate

The US Securities and Exchange Commission's decision to ask Congress to increase its fiscal 2023 budget to more closely monitor the cryptoasset market has resurrected the issue of whether members of one asset class should subsidize oversight of another, but there is no change in sight. The regulatory agency's crypto-related enforcement actions have soared over the past year and the SEC wants to … [Read More...]

Readers’ Picks (Last Two Weeks)

  • Striking an NAV: Fund Managers’ Contingency Options May 11, 2018 (26)
  • SEC Fines Northern Trust for Not Stopping Criminal… September 27, 2020 (19)
  • Chief Compliance Officers Revisit Personal Liability February 10, 2022 (18)
  • BNP Paribas $9B Fine: Dirty Messages and Dirty Money July 11, 2014 (16)
  • JP Morgan Whistleblower Case Tests Unclaimed… February 9, 2020 (16)
  • US Post-Trade Matching: Omgeo, Bloomberg or SS&C? December 16, 2015 (15)

Featured Posts

Industry Squeezes SEC on Sec Loan Reporting

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 … [Read More]

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]

The FinOps story

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