Guest Contributor: Haydon Perryman, Director of Compliance Solutions, Strevus Achieving compliance and creating a positive customer experience are not mutually exclusive. Many financial institutions still rely on disconnected, incomplete approaches to regulatory compliance, preventing them from gathering accurate, up-to-date information about clients and creating a customer experience crisis. Institutions are damaging relationships by repeatedly asking clients
Buy-Side
Cloud Computing Adoption in Asset Management
Guest Contributor: Jonathan Schapiro, Global Head of Cloud Solutions, BI-SAM These days, the term “Cloud” has become ubiquitous – even the un-savviest of technology users have a general concept of what the term alludes to. But while “the Cloud’ is really just a metaphor for the Internet, “cloud computing” means so much more – and
Guest Blog
Time for Asset Managers to Modernize Performance Measurement Systems
Guest Contributor: Bob Leaper, Head of Business Development, North America, DST Global Solutions Research from CEB TowerGroup cites that almost half, 45%, of asset managers say they will adapt or replace their performance measurement system by 2018[1]. The same research cited that 4 out of 10 performance measurement systems leveraged by buy-side institutions date back
Corporate Actions
Reducing Risk and Gaining Control of Corporate Actions Processing
Guest Contributor: Brendan P. Farrell, Jr., executive vice president, SunGard’s XSP How can the industry turn the tables on risk in corporate actions processing? Industry insiders estimate that $1 billion is lost every year through missed or mismanaged corporate actions events. Losses like these result from current industry conditions and longstanding practices that impede optimal
Back-Office
Manage Risk, Comply with Regulations and Increase Alpha with an IBOR
Guest Contributor: David Kubersky, President and Managing Director, SimCorp North America Fragmented position-keeping across the trade lifecycle presents significant risks to buy-side firms. As the SimCorp Journal paper, “The Investment Book of Record: One Version of Truth from Front- to Back-Office,” explains, “When investment processes and asset classes are supported by multiple systems across the
Guest Blog
The Secret to FATCA Compliance– It’s All About Unlocking the Data
Guest Contributor: Scott Price, Regional Director – Americas, Custom House Global Fund Services The IRS portal for FATCA registration opened on January 1, 2014, requiring investment managers to register their Investment Fund as a Foreign Financial Institutions (FFI). The Foreign Account Tax Compliance Act (FATCA) is a regulation enacted by the U.S. federal government to
Guest Blog
The Volcker Day of Reckoning
Guest Contributor: Eiman Abdelmoneim, Director of Product Strategy & Operations, Sky Road “Your day of reckoning is coming, when an evil wind will blow through your little play world and wipe that smug smile off your face. And I’ll be there, in all my glory, watching, watching as it all comes crumbling down.” – Newman,
Derivatives
EMIR Reporting Deadline Approaching to Register LEIs
Guest Contributor: William Hodash, Managing Director, DTCC Business Development Following the 2008 financial crisis, regulators and industry participants agreed on the need to develop a global solution that allows transactions to be tracked across financial markets and multiple jurisdictions. Policymakers and stakeholders around the globe collaborated to address the challenges and potential obstacles of transforming
Guest Blog
1099 Changes Affecting OID Means Good News For Investors, Challenges For Brokers
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. Final regulations issued in April 2013 (T.D. 9616) provide rules for reporting of basis on debt instruments and for adjustments to basis by brokers for OID (original issue discount),
Guest Blog
Personalization and Data Aggregation Essential for Advisors in 2014
Guest Contributor: Cheryl Nash, President at Fiserv Investment Services The New Year offers a fresh array of opportunities for the wealth management industry. Many firms are deploying new advisor technology in 2014, and according to current survey data by CEB TowerGroup, 67 percent of financial services executives expect their technology budgets to increase over the
