FinOps takeaway: Your count of “full-time employees” may not be what the IRS says it is. Mainstream attention on the controversial US healthcare legislation has focused on how difficult or financially affordable access to health insurance may be for individual people. For employers, there is a far larger and only slowly emerging story in the huge difficulty and cost they […]
Fund Managers: Addressing the Regulatory Data Quagmire (Updated)
Dodd-Frank. EMIR. FATCA. AIFMD. Solvency II. The reporting obligations of fund managers just keep growing. The snowballing burden — with new regulations and reporting rules popping up at an alarming pace — is forcing many to step back from their usual resigned willingness to learn and follow one regulatory rule after another. The emerging alternative: looking at the bigger picture of […]
Monitoring Proxy Advisory Firms: A New Compliance Challenge?
Proxy advisory firms are supposed to help fund managers decide how to vote their shares in annual or other corporate meetings and even cast votes for them. But that doesn’t mean fund managers should just let them do all the work and forget about it. Apparently that’s what the US Securities and Exchange Commission thinks […]
EMIR: Gaining Control of Old Errors and New Requirements
EMIR, it’s short for European Market Infrastructure Regulation. It has also become a four-letter word for fund managers struggling to fulfill reporting requirements. About five months after the effective date for fund managers and broker dealers to send details of trades executed on exchange-listed and over-the-counter swap transactions to recognized trade repositories, fund managers are bemoaning the number […]