The Dodd-Frank Wall Street Reform and Consumer Protection Act, most commonly referred to as Dodd-Frank, is a major piece of federal legislation established in response to the Great Recession of 2008-09. The crisis was primarily fueled by the housing bubble and under-regulated, risky trading in mortgage-back derivatives and related securities by many major financial services
Fun Friday
Olympics Update
So, we’re up to day 8 in the Olympics, and the US is going strong! Currently, the US is atop China with 37 overall medals, but both teams are tied with 18 gold medals. Even though some are predicting the fight for the gold will be tough, I have no doubt that the USA will
Compliance
Financial Crime & AML Compliance – Event Wrap-Up
We recently held our 2nd Annual Financial Crime & AML Compliance Breakfast event on July 18th, and we couldn’t have asked for better timing! With so many recent AML investigations including ING, HSBC and the Vatican, we knew the sessions would be received well… and we were right! Here’s what a few of our attendees
Guest Blog
LEI’s Could Undershoot
Guest Blogger: Gary Wright MCSI, CEO, B.I.S.S. Research LEIs (Legal Entity Identifiers) are becoming the most talked about acronym of today but could lose out if the development of the standard is limited to too narrow a focus. In the securities market I have been on the trail of LEIs for over twenty years, first
What is series
“What Is” Mark-to-Market Accounting?
The term “mark to market (MTM),” also referred to as fair value accounting, is the practice of updating the value of an asset or a liability to reflect its real market value rather than the initial cost of the asset or liability. For financial firms, the mark-to-market value is established by discovering the price of
Fun Friday
Going for Gold – and Red, White and Blue
It’s that time again – the Olympic Games – something I look forward to every two years. Personally, I’ve been a bit obsessed by the Olympics since I was a kid. There’s nothing like hearing a story about an upcoming star athlete and rooting for them on screen with all your might. Once in college,
Conference and Event Planning
FTF New Venue Announcement
As Summer comes to an end, FTF has decided to Fall back with a new venue! BizBash named Sentry Centers one of the top 10 meeting venues in New York and we are proud to announce them as the new location for the 7th Annual OTC Derivatives Operations & Processing Conference. We have grown drastically
Guest Blog
Preparing for Options and Fixed Income Cost Basis Reporting
Guest Blogger: George Michaels, CEO of G2 FinTech Brokers and custodians have an extra year to report to investors the adjusted cost basis for options and fixed income instruments. Originally, this third phase of the cost basis reporting rules was set to include fixed income and options products purchased as of January 1, 2013. Now,
Data Management
Finger on the Pulse
FTF News recently polled our readers and asked, “What is Big Data?” Here’s what our readers said: The new buzzword from The Matrix– 89.27% A fat version of the Star Trek android – 1.13% The father of Baby Data –1.69% Polite term for the paper piles of hoarders– 1.13% Five NYC phone books– 1.69%
What is series
“What Is” XBRL?
The eXtensible Business Reporting Language, commonly referred to as XBRL, is a variation of the eXtensible Markup Language (XML), which allows for the exchange of different types of digitized information. A user-friendly markup language, XBRL does not require any previous XML experience or a background in information technology (IT). The global standard, established by the
