Could social media sites become major conduits for corporate actions notifications? I’m asking this in the wake of the SEC clearing the way for public companies to use social network sites such as Facebook and Twitter for key announcements. Earlier this week, the SEC declared that social media sites are equivalent to corporate websites as… Read More >>
Compliance and the Promised Land
One of the legacies of 2012—a tumultuous year by anyone’s standards—is that financial product innovation has been put on the shelf by the constant flow of new regulations (with more to come) and a weak recovery that has squeezed profit margins. Most firms have been quickly shifting their energies and budgets to compliance. In fact, as… Read More >>
OTC Overhauls Hit Home
Shortly after CFTC Commissioner Bart Chilton declared at the 7th Annual OTC Derivatives Operations & Processing Conference last week that the Dodd-Frank reforms will deliver transparency, it became clear during a subsequent discussion that if firms haven’t done so, they need to get their IT architectures in place now to stay on top of the… Read More >>
The Matrix Reasserts Itself
In the wake of the Great Recession, the matrix of governments, central banks, regulators, judicial systems and politicians across the globe has been busy reasserting itself in the financial services industry throughout 2011, sometimes with stunning results as we’ve seen this week. First, I am happy to report that sometimes the world’s central banks… Read More >>
US Regulators Are Looking for Rock Stars Too
US regulators have been recruiting from the financial services industry for top talent just as Congress delays new funding for the rule-making agencies. A spokesperson for the Securities and Exchange Commission (SEC) has confirmed that it has definitely increased its recruitment from the securities industry over the past two years in an effort to keep… Read More >>
