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COVID 19: Custody Network Management Revisited

June 27, 2020 By Chris Kentouris Leave a Comment

If fund managers can outsource middle and back-office operations and even trading desks, why can’t global custodians outsource network management due diligence and monitoring? That’s the question over a dozen former global custody network managers who spoke with FinOps Report over the past month are asking as concerns mount that the COVID-19 pandemic could eventually […]

Filed Under: Compliance, Custody, Data, Investors, Post-Trade, Risk, Rules, Rules, Settlement Tagged With: Compliance, Custodians, Depositories, Fund Ops, Funds, Investors, Regulators

EU’s New Shareholder Rights Directive: What Standards?

June 11, 2020 By Chris Kentouris Leave a Comment

With Europe’s second incarnation of the Shareholder Rights Directive (SRD II) less than four months away, the securities industry can easily rely on automated communication channels to ease the compliance burden, but using disparate message standards to transmit data and various methodologies for calculating fees will still make the administrative work challenging. The European Commission […]

Filed Under: Corporate Actions, Custody, Investments, Investors Tagged With: Compliance, Fund Operations, Investment Operations, Investors, Regulators

Global Network Management: Artificial Intelligence the Charm?

October 16, 2018 By Chris Kentouris Leave a Comment

For global custody network managers, analyzing the tsunami of data on dozens of local agent banks and markets to ensure the safety of client assets remains a sore spot. The use of artificial intelligence appears to be an elusive ideal, acknowledge panelists and attendees at a recent global custody event in New York hosted by […]

Filed Under: Compliance, Custody, Data, Funds, Investors Tagged With: Compliance, Custodians, Data, Regulators

Custody: Unchartered Waters for Digital Assets

June 1, 2018 By Chris Kentouris Leave a Comment

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 now grappling with, when it comes to the safekeeping of digital assets. The reason is two-fold. For starters, it is unclear whether the SEC’s custody rule for RIAs investing in […]

Filed Under: Compliance, Custody, Funds, Infastructure, Investments, Investors, Rules, Slider, Standards Tagged With: Compliance, Crypto, Custodians, Fund Ops, SEC

EU’s SRD: Reworking Proxy Services

December 20, 2017 By Chris Kentouris Leave a Comment

Custodian bank operations managers should start planning to get their hands a lot dirtier in the proxy plumbing process. The new version of the European Shareholder Rights Directive (SRD) calls for them to respond to European issuer requests for identifying investors who hold more than 0.5 percent of a company’s stock, to forward proxy information […]

Filed Under: Corporate Actions, Custody, Investments, Investors, Rules, Sec Lending, Slider, Standards Tagged With: Compliance, Corporate Actions, ESMA, Fund Ops, Investment Ops, Outsourcing, Regulators

Global Network Management: Are My Assets Safe?

November 13, 2017 By Chris Kentouris Leave a Comment

Global network managers of custodian banks are redefining the word relationship when it comes to monitoring local agent banks that safekeep assets of underlying clients in multiple countries. It is no longer enough to make a sporadic visit or have a phone call. Global network managers have become detectives sifting through mounts of data to […]

Filed Under: Compliance, Custody, Data, Financials, Funds, Investments, Investors, Slider Tagged With: AIFMD, CFTC, Compliance, Custodians, Data, ESMA, FCA, FINRA, Regulators, SEC, UCITS

Dole Class Action Ruling: Short-Selling Clawback Next?

February 23, 2017 By Chris Kentouris Leave a Comment

US brokerage and bank operations and compliance managers will soon have to face an onerous back-office and legal challenge — figuring out how to make short sellers pay back $2.74 plus interest for each share of Dole Foods shorted more than three years ago. That money would be used to compensate beneficial investors who are considered the […]

Filed Under: Corporate Actions, Custody, Financials, Investments, Sec Lending, Settlement, Slider, Trading Tagged With: Collateral, Corporate Actions, DTCC, Investment Ops, Settlement, T+2, Valuation

Custodian Banks: New Landscape, New Strategies

March 29, 2016 By Chris Kentouris 1 Comment

A new research report authored by Morgan Stanley and consultancy Oliver Wyman has resurrected the debate over how some of the world’s largest custodian banks will need to rethink their time-honored strategy. Gathering more assets from more clients won’t be enough to sustain profitability. Earnings are under pressure from low interest rates and a historical […]

Filed Under: Analytics, Corporate Actions, Custody, Financing, Outsourcing, Post-Trade, Slider Tagged With: Collateral, Corporate Actions, Custodians, Data, Depositories, Middle Office Ops, Post Trade

Target2Securities: Are Fund Managers Paying Enough Attention? (Updated)

December 9, 2015 By Chris Kentouris Leave a Comment

(The information in this article was updated on December 11 to reflect the European Central Bank’s new changes to the T2S migration timetable). When first envisioned in 2008, Target2 Securities (T2S) was hailed by the European Central Bank as a single settlement platform to reduce the post-trade processing costs associated with domestic and cross-border European securities […]

Filed Under: Compliance, Custody, Post-Trade, Settlement, Slider Tagged With: Compliance, Corporate Actions, Custodians, Fund Ops, Middle Office Ops, Settlement

Basel III: How Hedge Fund Managers Must Leverage Prime Brokers

September 1, 2015 By Chris Kentouris Leave a Comment

“How important is this relationship to you?” That question is often asked by concerned spouses or romantically involved parties to get a status check on just how well their relationship is faring. For the first time ever, hedge fund managers could be forced to pose the same question to their prime brokers, thanks to the […]

Filed Under: Analytics, Compliance, Custody, Derivatives, Financing, Funds, Risk, Slider Tagged With: Brokerage Ops, Collateral, Compliance, Hedge Funds, Investment Ops, Regulators

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