By Karla McKenna, Head of Standards at Global Legal Entity Identifier Foundation (GLEIF) The Global Legal Entity Identifier (LEI) System is designed to ultimately help answer three questions: Who is who? Who owns whom? And who owns what? In other words, the publicly available LEI data pool can be regarded as a global directory, which
Compliance
Can Good Come from the Sins of Wall Street?
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 government has a $5.1 billion surplus for fiscal year 2016. New York Gov. Andrew Cuomo
Guest Blog
How to Retain and Promote Female Talent
Guest Contributor: Jessica Titlebaum, WILD Co-Founder My mentor once said that results are not exclusive to gender. While this is true, it’s also important to remember that gender may produce different results. According to Catalyst, there is a correlation between women on boards and a company’s bottom line. In this regard, it may be strategic to
Guest Blog
Multiple Prime Utility: the key to transforming the fund manager/prime broker relationship
Guest Contributor: Sudhanshu Bahadur, Vishal Bakshi and Valcony Sun, Sapient Global Markets Since the financial crisis, Fund Managers have increasingly moved away from using a single custodian and diversified their risk by splitting the basket under multiple Prime Brokers (PBs). This has provided them with an opportunity to utilize different partners for the different services
Corporate Actions
The Corporate Actions Golden Copy: Cleansed Data for All
Guest Contributor: Brendan P. Farrell, Jr., executive vice president and general manager, XSP, SunGard As the volume and complexity of corporate actions events continue to grow, firms need to understand their risks and take action on events that require immediate attention. To achieve this, the process must start with complete, accurate and timely corporate actions data.
Guest Blog
The 7 Data Extraction Problems That Plague Corporate Actions and the 1 Solution to Them All
Guest Contributor: Adam Devine, VP Product Marketing & Strategic Partnerships, WorkFusion Whether you provide a corporate actions feed or integrate them at an institution, you know that the gold standards for data accuracy, speed, and efficiency are rising. If you’re a provider, you know that the lake from which you fish relevant news has
Guest Blog
Tax Alert on Recently Announced Relief on Money Market Fund Floating NAV Wash Sale, Form 1099-B and Gain/Loss Calculations
Guest Contributor: Stevie D. Conlon, Senior Director and Tax Counsel, Wolters Kluwer Financial Services The author thanks John Kareken and Anna Vayser of Wolters Kluwer Financial Services for their assistance. There were several important announcements made last month by the IRS that provide critical income tax relief for investments in money market funds under new
Guest Blog
Software as a (dis) Service – Going in with Your Eyes Wide Open
Guest Contributor: Jane Stabile, President, IMP Consulting, Boston, MA The asset management business has never been more competitive, and CFOs are under tremendous pressure to keep their firms lean. As CFOs seek solutions to keep the headcount down, the argument for Software as a Service (SaaS) has become particularly appealing. SaaS solutions promise to help
Cloud
Financial Trading Infrastructure: The Era of Cloud 2.0
Guest Contributor: Jacob Loveless, CEO, Lucera Financial Infrastructures The freedom to try new things The equity downturn has fueled a trend in multi-asset trading that is prompting firms to test new strategies. They realize they can no longer merely trade or price a single asset class. To compete, they must have asset diversification and multi-asset
Compliance
Why Financial Services Brands Aren't Equipped for Social Media Risk & Compliance
Guest Contributor: Devin Redmond, Nexgate CEO and Co-founder No longer are financial brands and organizations able to focus solely on storefronts, email aliases and toll free numbers for customer engagement and support. Nowadays, a brand must engage customers 24/7 in social media. However, as we have seen with the rise in social media spam, the
