Guest Contributor: Philip Lawton , Analyst, Aite Group Taxes, entitlements, and the national debt limit are not the only controversial topics in Washington this summer. The Securities and Exchange Commission’s proposal to apply a uniform fiduciary standard to investment advisers and broker-dealers alike has created a ruckus in the retail investment industry. The Securities Industry
Uncategorized
Will Regulation Talk Ever Cease?
I don’t know about you but I have to admit, I’m getting a little tired of hearing the words Dodd-Frank. Every morning when I read the latest news there is inevitably a story regarding the newest regulations, and how they are going to save our financial system or make operations in the financial services world
Corporate Actions
Pressing Cost Basis Challenges Deserve Close Attention of Mutual Fund Companies
Guest Contributor: Stevie D. Conlon, senior director and tax counsel, Wolters Kluwer Financial Services With the cost basis reporting law’s next effective date less than six months away, mutual fund companies must closely consider risks and challenges that might result in non-compliance and serious customer service issues. First and foremost, mutual fund companies that provide
Guest Blog
Meeting the Middle Office ‘Data Crunch’
Guest Contributor: Graeme Condie, Data Management & Analytics Solutions Management, DST Global Solutions Asset Managers face numerous business challenges in today’s environment of increased competitiveness, desire for greater transparency and need for regulatory vigilance. One of the areas of the business most impacted by all of this is the Middle Office – indeed,
Cloud
Kiwis Still Unsure of the Cloud
Cloud computing is a topic that we’ve covered a number of times on The Bull Run (see our dedicated Cloud category) and at our annual Cloud Computing Breakfast Briefings, but when my New Zealand-bred husband showed me a recent article from one of his favorite web sites, www.Stuff.co.nz, about how far behind New Zealand is
Financial Technologies Forum (FTF)
Just Another Food Truck Friday!!
All you blog readers know FTF loves a good food truck trip; our latest endeavor was to the GO Burger Truck! Not only does Go Burger have a truck in NYC, but they have restaurant locations in New York and Los Angeles! We had to check it out. Upon arriving at the truck we were
Corporate Actions
Corporate Actions: The Way Forward
Guest Contributor: Chris Kotsifas, Founder of STP Consulting Solutions, LLC In the aftermath of the recent financial crisis, there’s a renewed emphasis in operational transparency and risk reduction. This has led many to look into their organizations and revisit problematic areas namely corporate actions processing and reference data which have typically been pushed aside for
Corporate Actions
LEI’s: Worth the Work?
According to Wikipedia, a Legal Entity Identification (LEI) is defined as: A universal standard for identifying all parties to financial contracts. It is a new standard to be established by the U.S. Treasury – Office of Financial Research. It is a key element in the broader effort to understand and monitor systemic risk. Its creation
Financial Technologies Forum (FTF)
Financial Services Blog Round-Up
Over the past year, we here at FTF have done our best to blog about current issues and new technology that affect the financial services industry. Recently we have been trying to discover others out there in the blogosphere that are blogging about similar topics. Here’s a round-up of a few favorites we’ve come across:
Dodd-Frank
Focusing Only on Dodd-Frank? Then You Might Be Missing Something
Guest Contributor: Mary Todd, Cosgrove Law LLC Because the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 reform bill grabs headlines every day, other regulations are entering the scene almost undetected. Broker-dealers and registered investment advisors may not be fully aware of new upcoming regulations, which could have significant impact their business. The
