Guest Contributor: Mark Ransom Day, Senior Account Executive, Marketing, Cognito Five Rules for Articulation and Advertising in a Post Dodd-Frank World In its current version, Dodd-Frank has 383,013 words. Anna Karenina has 349,736. Dodd-Frank is actually longer than one of the most famous long-novels-of-all-time. What this mammoth means for the capital markets industry, is that
Clearing and Settlement
Clearinghouses, the Fed and “Bailouts”
Guest Contributor: Michael Walinskas, Chief Risk Officer, OCC The financial crisis of 2008 saw excessive risks in the over-the-counter market and lead to governmental intervention in a “Wall Street bailout” while listed markets and their central counterparty (CCP) clearinghouses performed well. This prompted global legislators and regulators to push for more OTC transactions to be
Guest Blog
How Do Large Institutions Meet Resourcing Needs to Achieve Strategic and Regulatory Change?
Guest Contributor: Tom Spouse, CEO, Prospect 33 Volatile markets, unpredictable revenue streams, ever changing business lines and a constantly evolving landscape lead to many questions, not the least of which is: How can we truly commit to building the “right” resourcing model for the future? Building strategic resourcing partnerships for the future is always a
Back-Office
Get Your Big Data Under Control
Guest Contributor: Mark Wickersham, Director of Product, ByAllAccounts, Inc. Mid-market asset managers drowning in compliance costs are reaching for better reconciliation systems in order to expand their AUM without collapsing their margins. For many investment management firms, new channels of product distribution bring additional back-office operational burdens: new systems to learn, different ways to retrieve
Guest Blog
Outsourcing Drivers
Guest Contributor: Jon Anderson, Head of Valuations & OTC Derivatives, SS&C GlobeOp Asset Managers of all stripes are pursuing the opportunity to outsource all or part of their operations to qualified service providers. The reasons vary, but hedge funds, pension companies, corporate treasuries and insurers are looking at outsourcing post-trade activities. Nowhere is this more
Back-Office
Rethinking Reconciliation
Guest Contributor: Michael Alexander, EVP & COO Business Process Outsourcing, Broadridge Financial Solutions Financial institutions can enhance risk management and reduce costs through a reconciliation global center of excellence. Timing is critical. The cost of falling further behind industry standards is rising. To date, the “path of least resistance” has been to create a series
Back-Office
Transforming Uncertainty into Opportunity
Guest Contributor: Dan Retzer, Managing Director and Chief Technology Officer, XSP That coexistence between the ISO 15022 and 20022 messaging standards presents challenges to the producers and consumers of financial data is without question. These challenges, however, also yield opportunities for solutions providers, vendors and consultants that possess demonstrated expertise in both standards. This juxtaposition
Dodd-Frank
A LEI not from Hawaii
Guest Contributors: Nigel Jenkinson and Irina S. Leonova, Financial Stability Board The recently published FSB report entitled ‘A Global Legal Entity Identifier (LEI) for Financial Markets’ started with an introduction: “There is widespread agreement among the public authorities and financial industry participants on the merits of establishing a uniform global system for legal entity identification.
Guest Blog
Capital Markets and Expensive Errors
Guest Contributor: Joseph DiNardo, Senior Product Manager, Bonaire Software Many capital markets firms have been asking themselves the following: “How confident is my expense management team in the accuracy and validation of trade expense costs when paying vendor invoices?” – or – “Have we compared trade execution fees across vendors for optimal pricing?” These questions stem
Guest Blog
Big Mistake Making Reconciliation Tool of Choice Excel
Guest Contributor: Neil Vernon, Product Development Director, Gresham Computing Gresham Computing is one of the sponsors of FTF’s 7th Annual Reconciliations & Exception Management Conference. When I looked through the list of sponsors there was one really noticeable omission. The vendor that supplies the software that undertakes the majority of reconciliations in every financial firm