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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

California’s Data Privacy Law: Sticky GDPR Differences

September 26, 2019 By Chris Kentouris Leave a Comment

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 […]

Filed Under: Compliance, Risk, Security Tagged With: Compliance, Security, Standards

Free Webinar: Six Practices to the Best Cyber Defense From Hackers and Regulators

July 10, 2019 By Chris Kentouris Leave a Comment

  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 […]

Filed Under: Compliance, Data, Risk, Security Tagged With: Compliance, Data, Security, Standards

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

NY State of Mind for Cybersecurity: Take Three

August 30, 2018 By Chris Kentouris Leave a Comment

The US Labor Day weekend won’t be a happy one for some cybersecurity compliance, technology and operations managers at New York-based banks. They will likely be scrambling to successfully implement the third phase of New York’s onerous cybersecurity rules, effective September 3.  Among the multitude  of tasks to complete under 23 NYCRR 500 encrypting data and […]

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

Cybersecurity and GDPR: the Budget Battles

April 17, 2018 By Chris Kentouris Leave a Comment

Protecting critical data will top the list of challenges chief compliance officers face over the next three years. So will figuring out how to calculate and divide the budget with their IT, risk, finance and operations peers. Chief compliance officers are responsible for protecting their firms from reputational and legal risk. They are accustomed to […]

Filed Under: Analytics, Compliance, Data, Operations, Risk, Rules, Security, Slider Tagged With: Compliance, Data, GDPR, Regulators, SEC, Security

You’ve Been Hacked! What Do You Say?

March 2, 2018 By Chris Kentouris Leave a Comment

Getting hacked is not only expensive in remediation costs and reputational damage. Now public corporations could also face regulatory penalties if they don’t explain the breach the right way and quickly. US compliance managers, legal counsel and IT managers of public firms need to devise a strategy for who tells whom, what and when about […]

Filed Under: Compliance, Investors, Reporting, Security, Slider Tagged With: Compliance, Reporting, SEC, Security, Valuation

North Korea Sanctions: Tracking the Unknown Cohorts

December 8, 2017 By Chris Kentouris Leave a Comment

US President Donald Trump’s order to block any “significant financial transactions” related to North Korea is presenting US financial firms with a rigorous challenge to their anti-money laundering procedures. Trade finance, trade surveillance and other departments will have to dig far deeper into customer identities, business relationships, and transactions to protect their firms from costly […]

Filed Under: Compliance, Data, Reporting, Risk, Rules, Security, Slider Tagged With: AML, Compliance, KYC, Regulators, Reporting

Alt Fund Managers: What Needs to Be Fixed Before the SEC Exam

September 5, 2017 By Chris Kentouris Leave a Comment

Hedge fund and private equity fund managers top the list of firms having the most angst, when it comes to worrying about passing an exam  by the US Securities and Exchange Commission. They also are likely to have the the most work preparing for an exam. A recent survey of C-level executives conducted by compliance […]

Filed Under: Compliance, Financials, Funds, Rules, Security, Slider Tagged With: Compliance, FINRA, Fund Ops, Hedge Funds, Private Equity, Regulators, SEC

Cybersecurity: Asset Managers Face Ratings Threat

June 19, 2017 By Chris Kentouris Leave a Comment

Regulatory fines aren’t the only thing asset managers need to worry about when it comes to ensuring they have a strong cybersecurity program in place.  A new study just released by Moody’s Investors Services about the cybersecurity preparedness of US fund management firms suggests that asset managers could face a credit ratings downgrade if they can’t protect their critical data. That data could include anything […]

Filed Under: Compliance, Outsourcing, Post-Trade, Risk, Risk, Rules, Security, Slider, Standards Tagged With: Compliance, Fund Ops, Security, Standards

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