With Sibos 2010 underway in Amsterdam, this year’s themes include regulation, rebuilding trust and recovery. And to that point, a noteworthy story came out of the first day of this year’s extravaganza. It seems in the midst of the ever-changing OTC derivatives landscape, there is a silver lining – for custodian banks that is. Even
Fun Friday
The History of the Wall Street Bull
I pass the Charging Bull, also known as the Wall Street Bull, every morning on my way to work and get to say goodnight to it on my way home. If I wanted to go visit it to say a quick hello during the day I could because it’s right outside our office. It is
Back-Office
New Cost-Basis Concerns
After reading Maureen Lowe’s blog post earlier this week on the first phase of the new Cost-Basis Reporting law that is scheduled to go into effect this January 1st and the release of the IRS’s final requirements, I thought it might be beneficial to look into what all these new cost-basis requirements are all about!
Back-Office
Ramping up the Back-Office
Guest Contributer:Nolan Gesher, Senior Product Manager – Risk & Compliance, Fiserv The amount of attention the back office gets nowadays might mean it could easily be mistaken for the portfolio manager’s suite or the trader’s desk. Why? The increase in due diligence on back office operations by investors, especially when it comes to reconciliation processes.
Back-Office
The Final Cost Basis Reporting Law: Better Late Than Never?
The presenters of our Cost Basis Reporting webinar back in June weren’t too far off in their predictions. Less than three months before the first phase of the new Cost Basis Reporting law is scheduled to go into effect, the IRS at long last decided to release the final requirements. Aside from adding yet another
Corporate Actions
Corporate Actions: There’s an App for That
Guest Contributer:Gerard Bermingham, VP of Product Strategy, Information Mosaic In the past decade, developments in technology have helped automate at least some of the areas of corporate actions processing. The evolution of XML-based middleware applications, for example, has assisted in the automation of data comparison functionality. In its pursuit of the elusive “golden copy” announcement,
Regulation
Quit While You’re Ahead? Or Maybe While You’re Behind?
Every morning I read the news and every day the Global Economy becomes more of a puzzle than the day before. Have you ever been putting a puzzle together just to come to the end and realize one piece is missing!? That’s what reading up on the economy is like for me. It seems I
Dodd-Frank
Will Wall Street Leave Home?
I came across a blog article recently that posed a thought provoking and potentially frightening question, “How long will Wall Street stay in America?” Being that the Wall Street business is the business we are in, as well as our clients, I thought it was something I should read. According to the author, Robert Reich,
Wall Street
Movie Review: Wall Street – Money Never Sleeps
Last Friday, the FTF team decided to cut out of work a LITTLE early to see an educational film: “Wall Street: Money Never Sleeps,” and we definitely give this film 2 thumbs up. The film was extremely interesting and captured that part of Wall Street no one likes to talk about. It played up what
Derivatives
The Golden Vending Machine
Vending machines that dispense gold may be making their way to the U.S. A company named Gold to Go has hopes of installing a “couple of hundred” machines in the upcoming year according to an article on CNBC.com. Already, these vending machines can be seen at the Dubai Airport and major hotels and banks throughout
