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Industry Squeezes SEC on Sec Loan Reporting

June 14, 2022 By Chris Kentouris Leave a Comment

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 […]

Filed Under: Risk, Sec Lending Tagged With: Brokerage Ops, Compliance, Custodians, Fund Ops, SEC, Sec Lending

US SEC Loan Reporting: Ops Cost of Transparency

January 18, 2022 By Chris Kentouris Leave a Comment

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 transparency to investors, say operations and legal experts. Instead of offering any feedback to the SEC’s proposal, some industry players asked […]

Filed Under: Risk, Sec Lending Tagged With: Brokerage Ops, Compliance, Custodians, Fund Ops, SEC, Sec Lending

Autism Center of Alleged Crypto Inventor Wright’s Fraud Trial

November 29, 2021 By Chris Kentouris Leave a Comment

A brilliant autistic cryptocurrency developer or a brilliant con artist? That’s what a federal jury in Miami has to decide about Australian-born Craig Wright, who alleges he is Satoshi Nakamoto, the inventor of the most popular cryptocurrency Bitcoin and underlying blockchain technology. Ira Kleiman, the brother of the late Dave Kleiman, sued Wright in 2018 […]

Filed Under: Compliance, Financials, Innovation, Risk Tagged With: Blockchain, Crypto, Data, Investors

Archegos Debacle Prompts Holistic Counterparty Risk Management

June 23, 2021 By Chris Kentouris Leave a Comment

The recent implosion of family office Archegos Capital Management should renew interest in counterparty risk management and the need for a holistic program, say some broker-dealer risk management experts. By JP Morgan’s estimates the fallout may have cost some prominent prime brokers, such as combined as much as US$10 billion in trading losses. Archegos’ betting […]

Filed Under: Analytics, Compliance, Data, Funds, Regulators, Risk Tagged With: Compliance, Data, Fund Ops, Investment Ops, Regulation, Risk, SEC

ADRs: Will Blockchain Create a Better Mousetrap?

May 10, 2021 By Chris Kentouris Leave a Comment

Unsponsored American Depositary Receipts could be a lot less expensive and more efficient for investors to own and to receive dividends and other corporate action distributions thanks to a new permission-based blockchain platform designed by RISE Financial Technologies, according to the Boston and London-based blockchain technology firm. RISE Financial predicts its new blockchain-based infrastructure, set to […]

Filed Under: Compliance, Financials, Innovation, Risk Tagged With: Blockchain, Compliance, Crypto, Data, Fund Ops, Innovation, Investors, Post Trade

Want to be AML Whistleblower? Not So Fast

January 25, 2021 By Chris Kentouris Leave a Comment

You work in the anti-money laundering department of a major bank or brokerage and overhear a conversation about how suspicious activity reports are not being filed on a particular client; how the transaction monitoring system is not working properly; or how wire transfers are being made to a country or individual on a US sanctions […]

Filed Under: Regulations, Regulators, Risk, Rules Tagged With: AML, Compliance, Data, Regulators, SEC

Registered Investment Funds 2021: New Derivatives Risk Program

January 13, 2021 By Chris Kentouris Leave a Comment

For US traders, risk managers, portfolio managers, and boards of directors of registered fund management firms trading in derivatives, 2021 will be the year they figure out which derivatives to trade and how many to trade for more reasons than just making higher investment returns. Complying with the Securities and Exchange Commission’s new rule 18f-4 […]

Filed Under: Compliance, Derivatives, Funds, Risk, Rules Tagged With: Compliance Fund Ops, Data, Investment Ops, Regulators, SEC

Operational Resilience 2021: The Human Factor

December 29, 2020 By Chris Kentouris Leave a Comment

Operational resilience will replace business continuity as the mantra for operations, IT and risk managers at fund management firms, banks and brokers in 2021 requiring a whole new combination of procedures, human interactions and even a bit of technology spend. Operational resilience goes far beyond business continuity. “Operational resilience takes a much broader approach to […]

Filed Under: Analytics, Compliance, Data, Regulators, Risk, Risk Tagged With: Brokerage Ops, Compliance, Data, Fund Ops, Investment Ops, Post-Trade, Regulators, Risk

Blockchain Attorney Klayman Battles MoFo Over Blocked Partnership

November 24, 2020 By Chris Kentouris Leave a Comment

Did Joshua Ashley Klayman, one of the US’ top blockchain attorneys, cost herself a partnership in a prominent global law firm, because she chose to focus on the novel field of blockchain and smart contracts, because was female, or because she got pregnant and took three maternity leaves? Those are among the many questions that […]

Filed Under: Compliance, Financials, Innovation, Risk Tagged With: Blockchain, Compliance, Crypto, Innovation

COVID-19 Accelerates Buy-Side Outsourced Trading

October 18, 2020 By Chris Kentouris Leave a Comment

The COVID-19 pandemic is adding fuel to the fire of interest from some fund management firms in outsourcing the execution of their trade orders to third-party specialists. Over the past few years, fund managers have decided that outsourcing isn’t only for middle and back-office functions. It can also be used for trade execution with cost […]

Filed Under: Outsourcing, Risk Tagged With: Data, Fund Ops, Funds, Hedge Funds, Investment Ops, MiFID, Ops Risk, Outsourcing

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