Guest Contributor: Stevie Conlon, Senior Director & Tax Counsel, Wolters Kluwer Financial Services,with special thanks to support from Tax & Regulatory Specialists Anna Vayser and John Kareken. On March 18, 2010, the Foreign Account Tax Compliance Act (FATCA) was passed into law as part of the Hiring Incentives to Restore Employment Act. Congress was concerned about U.S.
Compliance
Putting Your Social Media Policy into Practice – A Techie’s Guide
Guest Contributor: Terry Ray,Vice-President, Software Development, Temenos In January of 2013, the FFIEC released proposed guidance for financial institutions regarding social media. As the year draws to a close, if your institution has not already written, revised and gotten board approval for your social media policy, you would be wise to do so now. Great!
Derivatives
New Collateral Requirements Could Be an Operational Nightmare For Asset Managers
Guest Contributor: Ted Leveroni, Executive Director of Derivatives Strategy and External Relations, Omgeo The asset management industry faces a clear and present danger to their day-to-day operations in the New Year with the implementation of The Federal Reserve Bank of New York’s Treasury Market Practice Group’s (TMPG) margin recommendations for all forward-settling agency mortgage-backed securities (MBS),
Corporate Actions
Bringing Corporate Actions Out of the Dark Ages
Guest Contributor: Kevin Cullen, vice president, sales solutions specialist, SunGard’s XSP On Wednesday, October 9, the Financial Technologies Forum (FTF) held its annual corporate actions event, CAPCon New York. Based on the presentations and panels, it seems the world of corporate actions is working hard to evolve. In light of some of the current initiatives
Dodd-Frank
How Capitalism and Technology Can Fix the Equity Market
Guest Contributor: Kevin McPartland, Principal, Market Structure and Technology Advisory Service, Greenwich Associates Free-market capitalism will ultimately lead any marketplace to its ideal state. Over the past half-decade this principle has driven my hypothesis that regulators should not try to stymie trading strategy and technology innovation, but should instead follow a principles-based approach (see the
Financial Crime
For Bitcoin, a Roller Coaster With a Silver Lining?
Guest Contributor: Julie Conroy, research director, Aite Group Establishing a new, non-sovereign digital currency is not for the faint of heart. Bitcoin, the poster child for cryptocurrencies, has weathered a barrage of ups and downs over the last six months as financial and regulatory entities struggle to understand the currency and its role in commerce
Guest Blog
Strategy Specific Hedge Fund Operational Due Diligence
Guest Contributor: Jason Scharfman, Managing Partner, Corgentum Consulting, LLC When investors approach a hedge fund to begin the operational due diligence process, they will have likely done some degree of investment due diligence already. During the investment due diligence process, investors are often accustomed to the idea of framing their due diligence approach in a
Guest Blog
Mobile Technology Key for Advisors to Remain Competitive and Build Assets Under Management
Guest Contributor: Cheryl Nash, President, Investment Services from Fiserv Enterprise use of tablets is projected to quadruple from 2012 to 2016 to more than 53 million tablets, reports Gartner, promising to fundamentally change the way in which business is conducted, including the business of financial advice. In today’s increasingly digital world, mobile technology is key
Guest Blog
Can Your Smartphone Make You Smarter? Mobility Applications for Institutional Investors
Guest Contributor: Barbara Arnold, Vice President, Product Management, SS&C Technologies, Inc. Imagine you are an asset manager on the way to visit your largest client for your quarterly portfolio review. Now let’s imagine that big news hits the business world and the Yen takes a tumble, devaluing all of your Yen positions. While you know
Corporate Actions
Phase 3 Cost Basis Reporting: Top Challenges for Brokers
Guest Contributor: Stevie Conlon, Senior Director & Tax Counsel, Wolters Kluwer Financial Services Meeting the upcoming tax reporting requirements for the last phase of the cost basis law likely requires significant system overhauls for all brokers. Phase 3 debt reporting requirements present the most difficult system and tax data challenges yet. Given the complexity of
