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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

Crypto Industry to SEC: Safe Harbor for Broker Custodians Isn’t Safe

June 16, 2021 By Chris Kentouris Leave a Comment

The US Securities and Exchange Commission’s decision to give broker-dealers a five-year reprieve from any regulatory sanctions to custody digital security assets in a trial run under limited circumstances isn’t all that sound, caution some broker-dealers, cryptoasset market players, and legal experts. While praising the SEC’s effort, respondents to the SEC’s request for feedback and others discussing […]

Filed Under: Compliance, Financials, Regulations, Risk, Rules Tagged With: Blockchain, Brokerage Ops, Crypto, Data, FINRA, Investors, Regulation, SEC

Preventing Pesky US Treasury Settlement Fails

March 15, 2021 By Chris Kentouris Leave a Comment

For US broker-dealer operations managers failing to settle a transaction in US Treasury securities might never have been all that problematic, but with the number of fails rising dramatically during the peak of the COVID-19 pandemic one megabank–BNY Mellon– has decided to offer a preventative service in a technology partnership with Google Cloud. As the […]

Filed Under: Compliance, Post-Trade, Regulators, Risk, Rules, Settlement Tagged With: Compliance, Data, Regulators, Rules, Standards

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

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

CSDR: Using Predictive Analytics to Prevent Fails

July 14, 2020 By Chris Kentouris Leave a Comment

Predict and prevent– that’s what back-office operations managers at buy and sell-side firms preparing for Europe’s Central Securities Depositories Regulation (CSDR) settlement discipline regime are starting to think about so they won’t have to pay hefty financial penalties or endure buy-in requirements if they fail to settle their European trades on time. Instead of bemoaning […]

Filed Under: Compliance, Data, ESMA, Regulators, Risk, Rules, Rules, Settlement, Standards Tagged With: Compliance, Data, ESMA, Regulators, Risk, Settlement, Standards

SEC: CAT Reports Can Omit Some Customer Data

March 31, 2020 By Chris Kentouris Leave a Comment

Data management units at US broker-dealers and the Financial Industry Regulatory Authority (FINRA) will be creating bogus codes for sending trade execution reports required by the Consolidated Audit Trail (CAT) to conceal the identities of investors and mitigate potential damage from cybersecurity breaches. The US Securities and Exchange Commission’s long-awaited decision earlier this month to […]

Filed Under: Compliance, Data, Regulations, Risk, Security Tagged With: Compliance, Data, FINRA, Investors, Reporting, SEC, Security

Goodbye NSCC: Hello Paxos for Clearing US Equities?

November 27, 2019 By Chris Kentouris Leave a Comment

US clearinghouses, such as the National Securities Clearing Corp. (NSCC), could become either a thing of the past or take a backseat, if custodian Paxos has its way in clearing and settling US securities. The US Securities and Exchange Commission’s recent no-action letter to Paxos allows the firm to serve as a clearinghouse for a […]

Filed Under: Clearing, Innovation, Post-Trade, Risk, Settlement Tagged With: Blockchain, Brokerage Ops, Clearinghouses, DTCC, Innovation, NSCC

FRTB: Five Ops Steps to Recalculating Market Risk

October 7, 2019 By Chris Kentouris Leave a Comment

Bank trading desk, risk, and data managers are quickly realizing that the term fundamental in the new Fundamental Review of the Trading Book legislation should be taken literally and they don’t have much time left to prepare. The European Union has set January 2022 as the timetable for banks in its jurisdiction to meet more […]

Filed Under: Analytics, Compliance, Data, Regulations, Regulators, Risk Tagged With: Compliance, Data, Regulators, Risk

Free Webinar: Eight Steps to Manage Third-Party CyberRisk

May 9, 2019 By Chris Kentouris Leave a Comment

Join FinOps Report (www.finopsinfo.com) for a FREE educational webinar on Managing Third Party CyberRisk: A Best Practice Approach Date: June 4, 2019 Time: 430PM to 530PM EST Interviewer: Chris Kentouris, Editor and Founder of FinOps Report Panelist: Joanna Fields, Managing Principal of Aplomb Strategies For dial-in information please contact Chris.Kentouris@hotmail.com You cannot have the best […]

Filed Under: Compliance, Data, Regulations, Risk, Security Tagged With: Compliance, Data, Investors, Security

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