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...]
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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]
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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]
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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]
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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]
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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]
News You Can Use
Readers’ Picks (Last Two Weeks)
- Striking an NAV: Fund Managers’ Contingency Options May 11, 2018 (45)
- Industry Squeezes SEC on Sec Loan Reporting June 14, 2022 (36)
- MiFID II: Reporting on Corporate Action Decisions September 28, 2017 (20)
- SEI Loses Antitrust Suit Against SS&C; Use of… January 4, 2021 (20)
- Citi’s $900M Blunder Casts Light on Poor Loan Ops March 4, 2021 (19)
- BofAML’s Fake Trade Reports: Governance Breakdown? July 11, 2018 (17)
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Chief Compliance Officers Revisit Personal Liability
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US SEC Loan Reporting: Ops Cost of Transparency
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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]