Mar. 07, 2014 by Eugene Grygo
Scott D. O’Malia and Bart Chilton, two outspoken CFTC commissioners, are highly critical of President Obama’s proposed fiscal year 2015 budget plan of $280 million for the regulator, mostly because it fails to fund key technologies that would help the CFTC do a better job of surveillance, particularly of the new world of over-the-counter derivatives.
SEC Gets New Head of Trading and Markets as Compliance Science Appoints Chief of Product Strategy
Mar. 05, 2014
SEC Names Head of Trading and Markets Division
The SEC has named Stephen Luparello, a former FINRA vice chairman, as director of its division of trading and markets, replacing John Ramsay, the acting director who is leaving this month after three and a half years of service, SEC officials say.
The Russian invasion of Crimea has roiled global markets, causing firms to think twice about investing in the Putin empire. In the 1990's, investing in Russia was also a challenge but for different reasons.
Mar. 04, 2014 by Rebecca Baldridge
Editor’s Note: Rebecca Baldridge, a former director of research takes a look back at the operational and related challenges she faced in the mid-1990’s when Russia was a newborn market. With help from T. Hawk Sunshine, Baldridge recounts the days spent in Moscow when Russia was emerging from communism and embracing capitalism. Sunshine has worked in Moscow for nearly 15 years in the financial services industry in a variety of positions. He currently oversees debt markets for a boutique investment bank. A longer version of this story will appear in the forthcoming digital edition of FTF News.
Regulators Stress Money Laundering Systems as SWIFT Lines Up Heavy Hitters for KYC Registry
Mar. 04, 2014
Regulators Putting Too Much Stress on Money Laundering Systems: SWIFT Panelist
The “very hot” issue of money laundering has captured the attention of the SEC and FINRA, among other regulators and they are making having anti-money laundering (AML) systems in place such a high priority that “everything leads to money laundering” for them, says a panelist who spoke at the SWIFT Business Forum this week in New York.
Mar. 03, 2014 by Eugene Grygo
Reconciliation technology is gaining ground as a result of market pressures and greater demands for data transparency and integrity, according to a new report from market research firm Aite Group. In fact, reconciliation is being applied to processes beyond matching cash accounts. But recs onboarding is becoming a significant challenge for firms, Aite found via its surveys for the report.
March 19, 2014
Convene, New York, NY
April 1, 2014
Palmer House Hilton, Chicago, IL
May 13, 2014
Cavendish Conference Centre, London
April 23, 2014
India House Club, One Hanover Square, New York, NY
Guest Contributor: Brendan P. Farrell,
Jr., executive vice president, SunGard's
XSP How can the industry turn the tables
on risk in corporate actions processing?
Industry insiders estimate that $1
billion is lost every year through
missed or mismanaged corporate actions
… Continue reading →...
Guest Contributor: David Kubersky,
President and Managing Director, SimCorp
North America Fragmented
position-keeping across the trade
lifecycle presents significant risks to
buy-side firms. As the SimCorp Journal
paper, "The Investment Book of Record:
One Version of Truth from Front- to
… Continue reading →...
Guest Contributor: Scott Price, Regional
Director - Americas, Custom House Global
Fund Services The IRS portal for FATCA
registration opened on January 1, 2014,
requiring investment managers to
register their Investment Fund as a
Foreign Financial Institutions (FFI).
The Foreign … Continue reading
Guest Contributor: Eiman Abdelmoneim,
Director of Product Strategy &
Operations, Sky Road "Your day of
reckoning is coming, when an evil wind
will blow through your little play world
and wipe that smug smile off your face.
And I'll be … Continue reading
Guest Contributor: William Hodash,
Managing Director, DTCC Business
Development Following the 2008 financial
crisis, regulators and industry
participants agreed on the need to
develop a global solution that allows
transactions to be tracked across
financial markets and multiple
jurisdictions. Policymakers …
Continue reading →...