Sanctions violations are increasingly risky for financial firms, given regulators' strict policies and the high costs of non-compliance. Firms must implement proactive measures, including robust screening, updated compliance frameworks, and thorough staff training, to avoid potential penalties. With global sanctions expanding, a lapse could lead to financial and reputational damage, making compliance an essential investment.
FinTech Ops
Asset Managers Can Get to ‘Total Portfolio Management’
Asset Managers have long wanted a holistic, real-time view of all assets, public and private, at their fingertips. However, it’s all too common to think of data as a cost. We see it entirely differently: you need the right data, to have the right conversations.
FinTech Ops
FX Settlement and T+1: Are You Ready?
In May 2024, securities settlement in the United States, Canada, and Mexico will move from two days to one (T+2 to T+1). While the move will, in theory, reduce counterparty and market risk and lower margin requirements, it will have a significant knock-on effect on the global foreign exchange markets (FX). Jason Vitale, global head
Automation
T+1: What Now?
T+1 has clearly arrived in the West, although the views on how this has impacted day-to-day processing will extend globally.
Whether industry firms have taken a tactical or strategic technological approach to covering this market change, the role of technology and the importance of having a highly modernized solution have never been greater.
So, how is technology playing a role – and what are the most important areas that we have seen come through in the transition to T+1 for market participants.
Standards
The Next Big Thing in Collateral Management: Digital Assets
The date was April 12, 2011, and U.S. banking regulators published the first draft of proposed rules governing margin requirements applicable to uncleared swaps. The Dodd-Frank Act, which passed a few years earlier, empowered these regulators with the task of creating and adopting these rules for the U.S. uncleared derivatives industry. Other global regulators would
Back-Office
Natural Language Generation: Sailing Through Your Data Lakes
While most might not admit it, many wealth managers are drowning in their data lakes. Whether structured or unstructured data, performance, or regulatory information, corporate or client documents, it is easy for firms with a large number of accounts to feel like they can’t get their head above water to make the best decisions for
KYC
Outsourcing Client Reporting: What Are the Options?
What is client reporting? Client reporting coupled with face-to-face client meetings have been the signature of successful client-manager relationships. With face-to-face meetings, figures can be articulated with sufficient context to bring understanding; shifting objectives can be more clearly explained, and the partnership is strengthened on both a social and professional front. These dialogues are key.
KYC
Data Governance to the Rescue?
Introduction: Is data governance the silver bullet for all your data issues? Has the marriage of performance departments and the data office been a successful one? In this blog, we’ll explore the significance of data governance and its impact on addressing data challenges in the performance measurement and client reporting industry. Understanding Data Governance: Data
KYC
Calculating Value Add at Scale for Tax-Managed Accounts
In this post, we will explain what tax-managed separately managed accounts (SMAs) are, clarify terms relative to performance measurement for tax-managed SMAs, and the challenges faced by performance professionals in measuring and attributing performance. After-Tax Returns Investors who care about maximizing after-tax returns may sometimes consider using tax-managed SMAs as part of their portfolio strategy.
Standards
UMAs Are Popular But They Have Reporting Challenges
What is a unified managed account also known as a UMA? In simple terms, it is a way to unify a client’s managed assets into one account. Instead of having one account for a large-cap separately managed account (SMA), another one for a fixed income SMA, and a third one housing mutual funds and exchange-traded
