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GDPR: Final Call for US Asset Managers

June 8, 2018 By Chris Kentouris Leave a Comment

Does Europe’s General Data Protection Regulation (GDPR) apply to me? If compliance and operations managers at US asset management firms are asking themselves that question, they are already in hot water. They should have started data mapping and amending their contracts with third-party service providers such as fund administrators and transfer agents, say data privacy […]

Filed Under: Compliance, Data, Regulations, Rules, Slider, Uncategorized Tagged With: Compliance, Data, Fund Ops, GDPR

FINRA to Broker-Dealers: Are You Liquid Enough?

January 19, 2018 By Chris Kentouris Leave a Comment

Risk and financial reporting managers at clearing firms and large broker-dealers could soon have to recode their back office systems and establish new procedures.  Why? To quickly inform the Financial Industry Regulatory Authority (FINRA) whether they have a liquidity problem and report a lot more information about their financing deals. The self-regulatory agency for broker-dealers […]

Filed Under: Analytics, Compliance, Data, Financials, Reporting, Risk, Sec Lending, Slider, Uncategorized Tagged With: Brokerage Ops, Compliance, FINRA, Regulators, Reporting, SEC

FINRA to Broker-Dealers: Justify Order Routing Perks

December 11, 2017 By Chris Kentouris Leave a Comment

Brokerage compliance managers might have to scale back their holiday plans. The US Financial Industry Regulatory Authority (FINRA) is revisiting broker-dealer order routing, and it wants answers by the end of this month. Last month, the self-regulatory agency for broker-dealers sent an undisclosed number of broker-dealers a request for detailed information on how they quantify […]

Filed Under: Analytics, Compliance, Data, Investors, Rules, Slider, Trading, Uncategorized Tagged With: Brokerage Ops, Compliance, FINRA, SEC

Can Blockchain Supercharge Syndicated Loans?

November 21, 2017 By Chris Kentouris Leave a Comment

Editor’s Update (4/26/2018): Finastra announced on April 24 that its Fusion LenderComm platform was commercially available, as an app on R3s Corda platform. Agent banks in the syndicated loan market can publish lender-specific deal positions on the ledger eliminating the need for lenders to query their agent banks about transaction history by phone, fax or […]

Filed Under: Compliance, Investments, Investors, Sec Lending, Settlement, Slider, Uncategorized Tagged With: Fund Ops, Sec Lending, Settlement

Form N-PORT: Managers Report Big Stress

October 27, 2017 By Chris Kentouris Leave a Comment

Update 12/12/2017: Fund managers shouldn’t feel too relieved by the US Securities and Exchange Commission’s delay on when they must submit Form N-PORT. On December 8, the SEC said that fund managers can wait until April 2019 at the earliest to transmit their completed Form N-PORT to the regulatory agency’s Edgar system. However, fund managers […]

Filed Under: Analytics, Compliance, Data, Derivatives, Financing, Funds, Investments, Regulations, Reporting, Sec Lending, Slider, Uncategorized Tagged With: Collateral, Compliance, Data, Derivatives, Fund Ops, Hedge Funds, Regulators, Reporting, SEC

Countdown to US T+2: Five Last Minute Tips

August 30, 2017 By Chris Kentouris Leave a Comment

It’s now or never when it comes being ready for the pending two-day settlement cycle in the US. With September 5, the day T+2 becomes effective, just around the corner, operations and IT managers are taking the opportunity to verify that their front, middle and back office systems are tweaked correctly. And that their counterparties […]

Filed Under: Compliance, Corporate Actions, Funds, Infastructure, Sec Lending, Settlement, Slider, Standards, Trading, Uncategorized Tagged With: Collateral, Compliance, Corporate Actions, DTCC, Fund Ops, Matching, Middle Office Ops, Ops Risk, Post Trade, SEC, Settlement, Standards, T+2

Colorado Raises the Bar in Buyside Cybersecurity

May 19, 2017 By Chris Kentouris Leave a Comment

Banks might not be the only financial institutions needing dedicated chief information security officers (CISOs) to oversee and enforce a cybersecurity program. As FinOps Report goes to press, the  Colorado Division of Securities is set to finalize rules which, as of July 15, will make the state the first in the US to require fund managers and broker-dealers […]

Filed Under: Data, Funds, Outsourcing, Regulations, Rules, Security, Slider, Uncategorized Tagged With: Compliance, Data, FINRA, Fund Ops, Outsourcing, Regulators, SEC, Security

Accounting Rule Upends Contract Management

April 5, 2017 By Chris Kentouris Leave a Comment

A new global accounting rule that changes the way revenue is recognized and disclosed on financial statements is going to give fund management firms, financial technology shops and data providers a lot more stress. Contract management, financial reporting, IT, legal counsel and even human resource directors will have to work together more closely than ever […]

Filed Under: Analytics, Data, Reporting, Rules, Slider, Uncategorized Tagged With: Compliance, Data, Fund Ops, Reporting, Tax, Valuation

Equity Derivatives Withholding Tax Remains Taxing (Updated)

October 28, 2016 By Chris Kentouris Leave a Comment

(Editor’s Note: On November 14, 2016 SIFMA asked the US Treasury to postpone the implementation date of IRS Section 871(m) from January 1, 2017 so that it can resolve a difference of opinion with G5 countries. The UK, Germany, Spain, France, and Italy have told the Treasury that dividend equivalent payments made outside the US […]

Filed Under: Analytics, Compliance, Data, Derivatives, Investments, Rules, Slider, Uncategorized Tagged With: Brokerage Ops, Compliance, Corporate Actions, Data, Depositories, Derivatives, FATCA, Fund Ops, Investment Ops, Regulators, Tax

Catching an Insider Data Thief

July 29, 2016 By Chris Kentouris Leave a Comment

Ten percent of employees will never commit a crime, ten percent of employees will, while 80 percent will only do so if the opportunity arises, predict fraud experts. It is that opportunity which asset management firms need to prevent through a combination of compliance controls and technology, say panelists and attendees at a recent symposium […]

Filed Under: Compliance, Data, Financials, Funds, Investors, Operations, Regulations, Risk, Security, Slider, Trading, Uncategorized Tagged With: Compliance, Data, Fund Ops, SEC, Security

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