Thomson Reuters Governance, Risk and Compliance just completed its 2nd annual ‘Cost of Compliance’ survey for 2011. The verdict: 71% of the firms surveyed predict it will cost them a great deal in money, resources and time (but really time is money!) in order to be compliant with regulators this upcoming year. This survey not
Fun Friday
Chocolate Craze for Valentine’s Day
It’s that time of year again… Valentine’s Day. Love it or hate it I think we all can appreciate the emphasis on chocolate this time of year. So we thought we would lend a helping hand and suggest a few great places that offer the best chocolate you can eat! Make sure you pick some
Compliance
Bringing Security to Social Media
Let’s face it, social media is big. And by the looks of it, I would say, it’s only getting bigger. But social media has presented many new challenges for the financial services industry, especially in the area of security and compliance. In response to these challenges FINRA released Notice 10-06 which detailed regulatory guidelines related
Buy-Side
Overcoming the Challenges of Managing Separately Managed Accounts
Guest Contributer: Joseph Amarante, Senior Vice President of Professional Services, NorthPoint Hedge fund managers often seek additional AUM by providing access to their investment strategies through the on-boarding of separately managed accounts (SMAs). In this scenario, a manager allocates assets, usually pari passu, between the fund’s internal investment vehicles and an investor’s managed account. Additionally,
Back-Office
The CIO – Your Translator for 2011
Have you ever had to call a tech-support line, whether it was to sort out a smart-phone issue or because your company web site just crashed? If yes, then I’m sure you can relate to the frustration this call can induce. You try to explain your problem in your best tech-savvy way i.e. “When I
Fun Friday
Using your Wall Street Savvy this Sunday
This Sunday is arguably the biggest sports day of the year, “Big-Game Sunday”. We thought we would take this opportunity to let all of you Wall Street natives use your skill set of calculating the odds and hedging against risk to predict the outcome of this great game (for free of course!). This Sunday in
Financial Crime
Investment Advisers- Are They Willing to Pay Up to Keep FINRA Out?
There has been a lot of talk lately about FINRA taking the supervision responsibilities for investment advisers away from the SEC. Overall, the SEC is looking to find a way to monitor the investments adviser’s and prevent future scandals, such as the Madoff case, from happening again. This it seems is easier said than done
Back-Office
Buy-Side Challenges + Opportunities in 2011
Guest Contributer: David Kubersky, Managing Director, SimCorp North America Against the backdrop of the global recession that engulfed the financial services industry over the last few years, the good news is the potential for 2011 looks bright. For the investment management industry in particular, this year holds a number of opportunities. While the recession’s impact
Clearing and Settlement
Achieving Operational Efficiency and Automation by Making New Friends
Recently we have seen financial technology providers joining forces with each other in order to create better solutions and processes that will keep financial institutions compliant with the new regulations we all face. Just last week, we saw the DTCC, MarkitSERV and AcadiaSoft join together to streamline OTC derivatives processing, and this week another new
Buy-Side
What is a Hedge Fund Hotel?
I was reading an article the other day on eFinancial News about hedge fund hotels and, while I’ve heard of these, I never fully understood what they were and how they worked. Turns out, a hedge fund hotel is simply just that – a hotel that offers high-end office space where traders can go to
