SEC

Countdown to US T+2: Five Last Minute Tips

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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 […]

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SEC’s Liquidity Rule: How to Bucket Your Assets

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Highly liquid, moderately liquid, less liquid, and illiquid. Classifying securities in one of those four buckets for the first time under the US Securities and Exchange Commission’s new liquidity rule will force compliance and risk managers at US mutual funds and exchange-traded funds to implement new operational procedures by next year. “Fund managers will have […]

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SEC’s Liquidity Rule: How to Bucket Your Assets

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Highly liquid, moderately liquid, less liquid, and illiquid. Classifying securities in one of those four buckets for the first time under the US Securities and Exchange Commission’s new liquidity rule will force compliance and risk managers at US mutual funds and exchange-traded funds to implement new operational procedures by next year. “Fund managers will have […]

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Corlytics: Can Analytics Reduce Regulatory Risk?

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US$7.2 billion. That is what Deutsche Bank paid to the US Department of Justice this year for misleading invstors in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities between 2006 and 2007 which contributed to the financial crisis. It might be the highest fine levied so far in 2017, but there will […]

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Unclaimed Assets: New Rules, New Ops Headaches

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Shareholder recordkeeping managers will soon need to change their procedures and back-office systems to comply with new state regulations and, potentially, a Supreme Court decision affecting unclaimed accounts. The assets in those “lost” accounts can help states close budget deficits, so states will do whatever it takes to get their hands on the money. Delaware […]

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SEC Reporting Rules: Fund Managers’ Recon Challenge

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The US Securities and Exchange Commission uses the word modernization when speaking of its new reporting rules for registered investment fund advisers, but that’s not how asset managers see things. They dread the approaching tsunami, according to panelists and attendees at a recent TSAM North America fund management event held in New York. Fund managers […]

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KYC compliance: automation and the human

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In Megan Butler’s speech on creating a more effective approach to combatting financial crime, she posed the question “can technology help make your compliance processes slicker, more efficient and more effective?”.  For combatting anti-money laundering and developing an effective KYC framework, the answer is a resounding yes. Firms that operate on a global basis will

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Sanctions Compliance: True Match is Hard to Find

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Filing suspicious activity reports is hard enough for financial firms, but complying with sanctions is even worse. Matching up a name on a database to a government sanctions list is only the first line of defense against doing business with an individual or corporation or country prohibited by the US or another foreign government. Based on the […]

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The Dangerous “Promise of Market Reform”: No Shareholder Proposals

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Posted by Adam M. Kanzer, Domini Impact Investments LLC, on Thursday, June 15, 2017

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Government Leaks Lead to Landmark Insider Trading Case

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Posted by Ken Herzinger and Stephanie Albrecht, Orrick, Herrington & Sutcliffe LLP, on Wednesday, June 14, 2017
Editor's Note: Ken Herzinger is Partner and Stephanie Albrecht is Managing Associate at Orrick, Herrington & Sutcliffe LLP. This post is based on an Orrick publication by Mr. Herzinger and Ms. Albrecht.

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