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 […]
Registered Investment Funds 2021: New Derivatives Risk Program
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 […]
Operational Resilience 2021: The Human Factor
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 […]
Blockchain Attorney Klayman Battles MoFo Over Blocked Partnership
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 […]
COVID-19 Accelerates Buy-Side Outsourced Trading
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 […]
SEC’s Fair Value Rule: Don’t Drop Old Guidance, Say Critics
The US Securities and Exchange Commission’s new proposed rule for fund managers to fair value some of their assets has prompted a vocal minority of legal and valuation experts to question whether the regulatory agency should entirely scrap older guidance in favor of new accounting rules as the barometer for valuation. Fair value isn’t a […]
COVID 19: Custody Network Management Revisited
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 […]
COVID-19: Addressing Return to Work Legal Quirks
The eventual return of Wall Street’s trading and operations executives to their physical offices as the coronavirus pandemic subsides could end up being a cause for litigation and employee angst, rather than celebration, if C-suite executives don’t carefully balance profit-making with worker safety. Knowing when employees can come back to work is the easiest part […]
California’s Data Privacy Law: Sticky GDPR Differences
What is personal data? Who is your customer? What is the sale of data? For chief data privacy and technology officers who think that the new California Consumer Protection Act (CCPA) is just a mini-version of Europe’s General Data Protection Regulation (GDPR) answering these three simple questions could make them change their minds. Getting them […]
Free Webinar: Six Practices to the Best Cyber Defense From Hackers and Regulators
Is your IT team overwhelmed keeping your network/cloud safe from sophisticated hackers? Are your C-suite executives struggling to keep regulators and customers satisfied all confidential data and assets are properly protected? Tony Pietrocola, president of Agile1, has devised six proven practices to mitigate the chance your organization will become the next cyberattack headline, forced to […]