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SEC Slams KKR for ‘Broken Deal’ Expenses

The SEC is charging Kohlberg Kravis Roberts & Co. (KKR) with misallocating “more than $17 million,” marking the first time that the U.S. regulator has charged a private equity firm with misallocating broker-dealer expenses via its flagship private equity funds,...
AdventPurpleMan

Q&A with Advent and SS&C: ‘It’s amazing how money talks’

Editor’s note: This is another in a series of stories about SS&C Technologies and its acquisition of Advent Software. In mid-June, the U.S. Department of Justice cleared SS&C Technologies Holdings’s pending $2.7 billion cash acquisition of Advent Software, which was...
MassiveTimTim480

Massad Favors Regs Hybrid for Cross-Border Uncleared Swaps

CFTC Chairman Timothy Massad says he’s leaning toward a hybrid approach to the problem of regulatory harmony for uncleared swaps transacted across multiple jurisdictions around the globe but he’s careful to note that his agency has not reached any conclusions....
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Oppenheimer Consolidates Platforms via VestmarkONE

Investment manager Oppenheimer Funds recently began consolidating the firms’ many platforms with the help of vendor Vestmark, a move the firm says will help it get a handle on its disparate IT systems. Vestmark offers platform consolidation system via a...
TempleGreece

Settlement Underway Amid Bank Holiday in Greece

As Greece moves toward default on its International Monetary Fund (IMF) loans, a nation-wide referendum has been scheduled for Sunday, July 5, to decide whether Greece remain in the eurozone. In addition, a bank holiday has been underway since June...
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Boom Years Ahead for FinTech, Report Says

After a long period of relative obscurity, the financial technology (FinTech) sector is finally coming into the spotlight, attracting enough attention and startup capital to suggest big changes could lie just over the horizon. For proof, just follow the money....
The Pope Takes On Cap-and-Trade

The Pope Takes On Cap-and-Trade

Buried in Pope Francis’s recent 184-page papal encyclical, “Laudato Si’,” on the many issues entangled in environmental and climate change concerns was an interesting swipe at cap-and-trade systems.

To recap, earlier this month Pope Francis issued a position paper that The New York Times describes as “sweeping in ambition and scope” that focuses on the “relentless exploitation and destruction of the environment” caused by “apathy, the reckless pursuit of profits, excessive faith in technology and political shortsightedness.”

Upcoming Events View All

  • The Ins and Outs of Reconciling Complex Instruments

    This free one-hour webinar is designed to answer your questions about reconciling complex instruments such as derivatives and FX, from communicating with the front office about what the trade actually is to ensuring data to regulatory pressure in these reconciliations.

  • SMAC New York 2015

    Join FTF for our annual Social Media and Compliance in the Financial Services conference. From social media strategies to compliance issues, this is the premier event for new ideas, stronger systems, and increased connections for banks, asset managers, and insurance firms.

  • ReCon London 2015

    This annual conference is devoted to discussing the ins and outs of reconciliations, including utility, automation, industry standards and more.

  • Performance Measurement Americas

    Join FTF at our annual summit for performance measurement executives. Packed with peer-to-peer networking, accessible panel sessions, and insights from performance thought leaders, this is the premier conference for brainstorming on best practices in the performance measurement space.

Upcoming Training View All

  • Enterprise Risk Principles & Practices

    Enterprise Risk Principles and Practices is an intense and invigorating two-day workshop for any financial professional trying to get a handle on the evolving world of operational risk.

Minding the Gap View All

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Bridging the divide between the official story and what is really happening.

  • The Pope Takes On Cap-and-Trade

    Buried in Pope Francis’s recent 184-page papal encyclical, “Laudato Si’,” on the many issues entangled in environmental and climate change concerns was an interesting swipe at cap-and-trade systems. To recap, earlier this month Pope Francis issued a position paper that…
  • The Ongoing Woes of FCMs

    Derivatives expert John P. Needham, president of Needham Consulting, alerted us more than a year ago at Financial Technology Forum’s DerivOps Chicago conference in April 2014 to the fact that 10 futures commission merchants (FCMs) are handling 75 percent of…

Latest News View All

  • CEO, CFO Exit as Markit Acquires Information Mosaic

    Two executives will be leaving Information Mosaic as Markit completes its acquisition of the corporate actions and post-trade securities processing vendor. “It’s our intention to transition all employees with the exception of Ulrich Kunz, chairman and chief executive officer and…
  • Former RBC CCO Joins Oyster Consulting

    Financial consulting vendor Oyster Consulting has hired Richard T. Chase as the new managing director of its New York office, officials say. Oyster expects Chase’s hire to “continue Oyster’s expansion as a regulatory and compliance leader, enhancing its ability to…
  • ICAP Names CEO for Post-Trade Services

    Interdealer-broker and post-trade IT vendor ICAP has appointed Jenny Knott as its new CEO of post-trade risk and information services, officials say. Knott joins from the African financial services group at Standard Bank Group, where she was CEO of Standard…
  • GoldPoint Partners Hires from Blackstone

    GoldPoint Partners, a New York-based private equity manager that was formerly known as New York Life Capital Partners, and that is an affiliate of New York Life Investments, reports that CPA Sean Gelb has joined the firm as chief financial…

Latest Opinion View All

  • What Does a New FTF Website Mean for Our Readers and Clients?

    Fri, 15 May 2015 13:31:53 +0000

    Maureen Lowe, Founder and President of FTF,  discusses what the new, upcoming website means for our readers and clients. The new site is scheduled to go live Q3 ’15.
  • How Should the NY State Government Spend its $5 Billion Surplus from Wall Street Fines?

    Thu, 05 Feb 2015 14:15:12 +0000

    We have the results to our most recent Finger on the Pulse poll. Our FTF News editor, Eugene Grygo, recently posted a Minding the Gap column Can Good Come from the Sins of Wall Street?, where he discussed the fines imposed upon … Continue reading
  • FTF News Video: How to Build a Robust Op Risk System

    Wed, 04 Feb 2015 14:30:44 +0000

    CIT’s head of Op Risk discusses novel ways to improve surveillance and launch initiatives with FTF News editor, Eugene Grygo at the recent OpRisk New York 2014 conference in November. Prasad Kodali, head of operational risk at CIT, is leading … Continue reading
  • Can Good Come from the Sins of Wall Street?

    Fri, 23 Jan 2015 15:44:08 +0000

    January 20, 2015 by Eugene Grygo (Contribution from Minding the Gap, a blog by FTF News editor, Eugene Grygo.) Thanks to the fines imposed upon Wall Street and insurance firms for their sins during the Great Recession, the New York State … Continue reading