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SEC’s Oversight of Cryptomarket Prompts Funding Debate

July 21, 2022 By Chris Kentouris Leave a Comment

The US Securities and Exchange Commission’s decision to ask Congress to increase its fiscal 2023 budget to more closely monitor the cryptoasset market has resurrected the issue of whether members of one asset class should subsidize oversight of another, but there is no change in sight. The regulatory agency’s crypto-related enforcement actions have soared over […]

Filed Under: Compliance, Data, Regulators, Reporting, SEC Tagged With: Crypto, Data, Regulators, Reporting, SEC

What’s a CUSIP Worth? Over US$1B in Class Action Win

March 14, 2022 By Chris Kentouris Leave a Comment

If you think you have been fleeced by CUSIP Global Services and others for paying licensing fees for nine-digit alphanumeric identification codes for US securities you might be entitled to a chunk of at least US $1 billion in compensation if a jury decides you’re right. All you must do is be part of an […]

Filed Under: Compliance, Data, Operations, Regulations, Reporting, Standards Tagged With: Compliance, CUSIP, Data, Post-Trade, Regulators, Reporting, Standards

LIBOR: Transition 1-2-3 in 2022

December 15, 2021 By Chris Kentouris Leave a Comment

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 translate into a pound of preventing errors in 2023, caution LIBOR operations and legal experts who […]

Filed Under: Compliance, Regulations, Reporting, Rules Tagged With: Brokerage Ops, Compliance, Data, Fund Ops, Regulators, Reporting

S in ESG Stands for Supply Chain

October 19, 2021 By Chris Kentouris Leave a Comment

Do you know how green your third-party service providers are? That’s the question risk and vendor procurement managers at fund management firms, banks and broker-dealers must soon answer correctly or face reputational and regulatory consequences, say legal and data experts in environmental, social and governance policies. The vendors can be anyone from a fund administrator, […]

Filed Under: Compliance, Data, Investors, Regulators, Reporting, Rules Tagged With: Brokerage Operations, Compliance, Data, Fund Operations, Investment Operations, Regulations, Risk, SEC

Bloomberg’s FIGIs Win Nod From US Standards Body: Now What?

October 5, 2021 By Chris Kentouris Leave a Comment

Bloomberg finally got its wish for FIGIs– acceptance of its securities ID codes as a standard– but whether that equates to popularity for trade and post-trade operations managers remains to be seen. Trade, middle, and back-office operations, and compliance managers at buy and sell-side firms can now be certain that Bloomberg’s financial instrument global identifiers […]

Filed Under: Compliance, Operations, Reporting, Risk, Standards Tagged With: Data, Regulations, Reporting, Standards

FINRA’s CAT: Customer Account Data Management Challenge

November 14, 2020 By Chris Kentouris Leave a Comment

Reporting correct customer data for the next phase of the requirements of the US Financial Industry Regulatory Authority’s Consolidated Audit Trail (CAT) system will end up being a time-consuming and costly exercise in data management for US broker-dealer regulatory reporting, trade compliance and IT managers. US broker-dealers are likely spending all their time addressing interfirm […]

Filed Under: Compliance, Regulations, Reporting Tagged With: Compliance. Brokerage Ops, FINRA, Regulations, Regulators, Reporting, SEC

Free Webinar: Consolidated Audit Trail: Creating the Right Data Linkages

September 17, 2020 By Chris Kentouris Leave a Comment

Join S3 and FinOps Report for a free webinar on creating the right data linkages for reporting to the Financial Industry Regulatory Authority’s Consolidated Audit Trail. Sponsored by S3 Save the date: Wednesday, October 21, 2020 Time: 4:30PM EST Contact: Michelle Lindenberger, S3 media/PR manager, at lindenberger.michelle@gmail.com for free dial-in details For broker-dealers’ trade operations, regulatory reporting, […]

Filed Under: Compliance, Data, Reporting, Risk Tagged With: Compliance, Data, FINRA, Regulators, Reporting, SEC, Standards

CAT: FINRA’s Exams, Deadlines Won’t Be a Virtual Breeze

September 12, 2020 By Chris Kentouris Leave a Comment

Trade compliance, regulatory operations, and technology managers at US broker-dealers will need to quickly cross their Ts and dot their I’s when it comes to documentation, data, and IT if they want to pass muster with the Financial Industry Regulatory Authority’s examiners for reporting to the new Consolidated Audit Trail (CAT) and survive one of […]

Filed Under: Compliance, Data, Regulations, Reporting, Trading Tagged With: Brokerage Ops, Compliance, FINRA, Regulators, Reporting

Fund Managers Find COVID-19 Makes Best Ex Best Effort

June 4, 2020 By Chris Kentouris Leave a Comment

Complying with “best execution” requirements is nothing new for fund managers, but some could easily end up failing to meet their fiduciary obligations this year due to circumstances beyond their control — the unprecedented market volatility and remote working generated by the COVID-19 pandemic. About a dozen operations managers at US fund management firms who […]

Filed Under: Analytics, Compliance, Data, Investments, Reporting Tagged With: Compliance, Data, Fund Ops, Investment Ops, SEC

Coronavirus: How CCOs Can Manage (Virtually)

April 3, 2020 By Chris Kentouris Leave a Comment

For chief compliance officers at financial firms, following the five Ps — prioritize, plan, protect, preserve, and paper– with the help of IT managers will become critical to ensure employees working remotely meet corporate and regulatory requirements. “Even the best designed business continuity plans likely didn’t take a global pandemic into account,” says Kristin Koloniaris, […]

Filed Under: Compliance, Data, Reporting, Rules Tagged With: Brokerage Ops, FINRA, Fund Ops, Regulations, Reporting, SEC

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