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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

Etrading Software; Bloomberg-Kaiko Vie for Crypto ID Authority

July 31, 2020 By Chris Kentouris Leave a Comment

If equities, bonds, and OTC derivatives have identification codes why shouldn’t digital assets? That’s the premise Etrading Software and the team of Bloomberg and Kaiko are betting on by recently throwing their hats in the ring to provide ID codes as the new registration authority for digital token identifiers (DTIs) expected to go live sometime […]

Filed Under: Compliance, Data, Innovation, Investors, Standards, Trading Tagged With: Crypto, Crypto. Blockchain, Data, Fund Ops, Post Trade, 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

CSDR: Partial Settlement Means a Full Ops Headache

April 27, 2020 By Chris Kentouris Leave a Comment

In permitting partial settlement of securiies transactions to relieve financial penalties, the new European Central Securities Depository Regulation (CSDR) will unintentionally cause fund managers, broker-dealers and others more operational grief. The CSDR is designed to harmonize the operating rules for all national European securities depositories, including using the same methodology to calculate fines when trades […]

Filed Under: Compliance, Operations, Post-Trade, Regulations, Settlement Tagged With: Compliance, Depositories, ESMA, Regulators, Settlement, Standards

Vote Confirmation: Devil in the Operations Details

March 3, 2020 By Chris Kentouris Leave a Comment

Determining whether a vote was actually counted at a corporate meeting has resurrected a sparring match among transfer agents, financial intermediaries, issuers and Broadridge Financial over how to operationally get the job done. Among the participants on a new end-to-end vote confirmation committee set up by the Securities and Exchange Commission to address the issue, […]

Filed Under: Compliance, Investors, Regulators, Rules Tagged With: Compliance, Investors, Regulations, SEC, Standards

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