FinOps

News of financial ops, regs and tech

  • Home
  • Ops
  • Tech
  • Regs
  • Contact
  • The FinOps story
  • Subscribe
  • Log In

Will Wall Street Earn Windfall For US CUSIP ID Codes?

August 11, 2023 By Chris Kentouris Leave a Comment

Data management, trading, post-trade operations and compliance managers at buy-side and sell-side firms might one day no longer have to worry about their organizations being forced to pay for US identification codes and could even celebrate their winning over US$1 billion in compensation from CGS and others. Judge Katherine Polk Failla of the Southern District […]

Filed Under: Data, Regulators, Rules, Rules, Standards Tagged With: Compliance, Data, Post-Trade, Regulators, Reporting, Standards, Trading

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

Europe’s CSDR: Fund Managers Monitor Settlement Fails

March 8, 2022 By Chris Kentouris Leave a Comment

Operations managers at fund management firms are scrambling to improve how they monitor settlement fails and prevent penalties imposed by their custodian banks just around the corner as mandated under Europe’s Central Securities Depository Regulation (CSDR). A dozen European fund management firms,who spoke with FinOps Report on condition of anonymity, say they are spending more […]

Filed Under: Compliance, Data, Post-Trade, Settlement Tagged With: Compliance, Data, Regulations, Standards

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

NYSE Puts FINRA in Hotseat For Proxy Distribution Fee Oversight

April 17, 2021 By Chris Kentouris Leave a Comment

The issue of which self-regulatory authority will take over the job of setting the maximum fees issuers must pay broker-dealers and banks to mail proxy materials to beneficial shareholders has pitted the New York Stock Exchange against the Financial Industry Regulatory Authority. leaving proxy operations managers and corporate secretaries in a lurch. The NYSE, which […]

Filed Under: Compliance, Data, Regulations, Regulators, Rules Tagged With: Brokerage Ops, Compliance, Data, FINRA, Fund Ops, Investors, Rules, SEC, Standards

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

New IDs for Digital Assets: FIGIs or ISO-Backed Codes?

February 22, 2021 By Chris Kentouris Leave a Comment

Does the financial services industry need more than one identification standard for digital assets? Can standards for identifying traditional assets even apply for the digital asset market? Those are the two questions trading, compliance and operations managers at fund management firms, custodians, exchanges, and issuers of digital tokens will soon answer now that they have […]

Filed Under: Blockchains, Compliance, Crypto, Data, Middle Office Ops, Regulators, Standards Tagged With: Blockchain, Compliance, Crypto, Data, Middle Office Ops, Regulators, Standards

Market Data Madness 2021: CME’s New Data Fees

December 17, 2020 By Chris Kentouris Leave a Comment

The CME Group’s decision to require redistributors to soon pay a first-time ever annual fee for its historical commodities data has pitted a group of vendors against the world’s largest derivatives exchange calling the action illegal and anti-competitive. Effective January 1, 2021, says the CME Group, redistributors of its historical commodities data will have to […]

Filed Under: Analytics, Data, Trading Tagged With: CFTC, Data, Fund Ops, Investment Ops, Investors, Regulations, Regulators, SEC, Standards

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

National Banks as Digital Asset Custodians: Big Deal or Not?

August 14, 2020 By Chris Kentouris Leave a Comment

When it comes to picking a custodian for cryptocurrencies and other digital assets, the US Office of the Comptroller’s decision to green light national and state banks might not be that much of a gamechanger for every fund manager. At least not in the short-term. Currently, investors holding cryptocurrency can keep their cryptocurrency in a […]

Filed Under: Compliance, Investors, Regulations, Rules Tagged With: Compliance, Crypto, Fund Ops, Standards

Next Page »

The FinOps story

Dear Readers,

If you are a new visitor to FinOps Report, welcome to our newsite. Beyond what you see on the home page, check out our archives for articles that thousands of readers have found useful. To our loyal readers, thanks for staying with us. We write FinOps for you.

Our goal remains constant – news you can put to work. We analyze how regulations, operations, and financial technology intersect, and we bring you expert advice to reduce your operational and regulatory risks. We don’t waste your time with the same old stories you find elsewhere. We offer you practical value that you don’t find anywhere else.

If even one FinOps article has helped you, please return the favor by subscribing. Your subscriptions fund us in providing the broadest and most detailed coverage of important topics for middle and back-office operations, compliance and fintech specialists. A subscription is $60 a year, or $15 a quarter. Click the “Subscribe” tab on any page to sign up.

Meanwhile, please stay in touch. Enroll for news alerts, if you haven’t already. And use the “Contact” page to connect directly with me. We want your story ideas and feedback, and we love hearing from you.

Chris Kentouris
Editor

Read More…

Sign Up for FinOps Alerts!

Archives

News Topics

AIFMD AML Blockchain Brokerage Ops CFTC Clearinghouses Collateral Compliance Corporate Actions Crypto Custodians Data Depositories Derivatives Dodd-Frank DTCC EMIR ESMA FATCA FINRA Fund Ops Hedge Funds Innovation Investment Ops Investors KYC Matching Middle Office Ops MiFID Ops Risk Outsourcing Post Trade Private Equity Reconciliation Regulations Regulators Reporting SEC Security Settlement Standards Swaps T+2 Tax Valuation

[footer_backtotop]

Copyright © 2023 FinOps · Privacy Policy