AIFMD II: What should we expect? – Part 2

By Alastair Hewitt

European policymakers have to deal with Brexit and its implications, and this naturally supersedes AIFMD II. It is believed that an AIFMD market study (due to report mid-2018) has already been put out for tender by the European Commission (EC). This would delay any AIFMD II proceedings.

Continue reading

The challenges of data normalization

By Giles Smart and Justin Meagher

Today’s financial managers operate in a strict regulatory landscape that can be overwhelming and challenging. Many are struggling to stay on top of the new financial rules (e.g. AIFMD, EMIR, MiFID II, Solvency II, FATCA, and Dodd-Frank) while still effectively servicing their clients.

Continue reading

Newest TRACE amendment extends definition of “TRACE-Eligible Securities”

By Ken Somma

In 2001, the Securities and Exchange Commission approved the Trade Reporting and Compliance Engine (TRACE). This rule requires all member firms to report secondary market transactions in eligible over-the-counter fixed income securities to FINRA. Unlike equities, over-the-counter securities trades are private transactions between counterparties and were not previously publicly reported. This lack of reporting provided very little to no price execution transparency to the marketplace.

Continue reading

Boutique asset managers: The path to scale

By Lee Burchell

Markets and regulations are constantly evolving, expensive internal operating models impede scalability, and savvy investors recognize that growth cannot be achieved if internal costs are unsustainable. How can boutique firms meet these challenges and stay competitive?

Continue reading

A successful CECL implementation begins with a holistic approach

By Lauren Smith

The Current Expected Credit Loss accounting standard (CECL) replaces the incurred loss model with a lifetime expected credit loss estimate, which will result in significant changes to financial institutions’ reserving process. Many industry experts consider CECL to be the biggest change to bank accounting ever. Is your institution prepared for the change, or do your current systems and processes fall short? A successful transition will include a holistic approach, but how will your institution get there?

Continue reading

Private capital versus the banks

By Kamran Anwar

U.S. mid-market corporates regularly solicit funds from capital markets to help finance their operations. In Europe, most mid-market firms still obtain their financing from banks, but this is changing.

Continue reading

UK government aiming to streamline LGPS market

By Punit Satsangi

The £179 billion UK Local Government Pension Scheme (LGPS) market is highly saturated. The government wants to streamline this market with 89 schemes into eight pools running at least £25 billion each by April 2018. Pools are currently presenting administrative and operational proposals to the government, with many opting to create an Authorised Contractual Scheme (ACS) structure.

Continue reading

Access – a key issue of cyber risks

By Lisa McLaughlin, Information Security Officer

Today, cyber threats are real and ever changing. In response, regulatory rules must constantly evolve in attempt to mitigate this dynamic threat. In the first of this two-part blog series, we’ll take a look into the complex roles of in-house attorneys and security professionals, and how they are intrinsic to the success of your business by protecting your organization’s sensitive information.

Continue reading

SS&C adds 360View to its managed data service

By Louie Iannuzzi

Having the capability to aggregate data from multiple vendors is not only crucial for managing assets on a global platform; it is a necessity. In today’s day and age where manual price validation represents a major source of cost and risk, the investment management industry is increasingly turning to managed data service providers for automated, efficient pricing services, and data validation tools.

Continue reading

The performance measurement reporting quandary: buy, build, or rent?

By Bill Bormann

Investment managers expect more than ever from their asset servicers. What were acceptable services a decade ago,monthly reporting, and investor statement distribution, has changed drastically. What are the new challenges faced by today’s managers and how do they affect what’s expected of asset servicers?

Continue reading