The date was April 12, 2011, and U.S. banking regulators published the first draft of proposed rules governing margin requirements applicable to uncleared swaps. The Dodd-Frank Act, which passed a few years earlier, empowered these regulators with the task of creating and adopting these rules for the U.S. uncleared derivatives industry. Other global regulators would
KYC
Outsourcing Client Reporting: What Are the Options?
What is client reporting? Client reporting coupled with face-to-face client meetings have been the signature of successful client-manager relationships. With face-to-face meetings, figures can be articulated with sufficient context to bring understanding; shifting objectives can be more clearly explained, and the partnership is strengthened on both a social and professional front. These dialogues are key.
KYC
Data Governance to the Rescue?
Introduction: Is data governance the silver bullet for all your data issues? Has the marriage of performance departments and the data office been a successful one? In this blog, we’ll explore the significance of data governance and its impact on addressing data challenges in the performance measurement and client reporting industry. Understanding Data Governance: Data
KYC
Calculating Value Add at Scale for Tax-Managed Accounts
In this post, we will explain what tax-managed separately managed accounts (SMAs) are, clarify terms relative to performance measurement for tax-managed SMAs, and the challenges faced by performance professionals in measuring and attributing performance. After-Tax Returns Investors who care about maximizing after-tax returns may sometimes consider using tax-managed SMAs as part of their portfolio strategy.
Standards
UMAs Are Popular But They Have Reporting Challenges
What is a unified managed account also known as a UMA? In simple terms, it is a way to unify a client’s managed assets into one account. Instead of having one account for a large-cap separately managed account (SMA), another one for a fixed income SMA, and a third one housing mutual funds and exchange-traded
Automation
T+1 in Canada: Same Goal, Different Plays
Canada and the U.S. have shared a common standard securities settlement cycle for longer than most in the industry today can remember. Industry participants in both countries successfully moved from a standard cycle of five to three business days after trade date (from T+5 to T+3) in 1995 and from T+3 to T+2 in 2017.
KYC
Turning Margining Challenges into Solutions
(Editor’s Note: In this guest post for the Bull Run, Varqa Abyaneh, chief product officer from Quantile Technologies Ltd. focuses on industry participants grappling with the costs of funding multiple margin requirements globally.) Designed to improve the safety and stability of markets, regulation inevitably increases the cost of trading. Participants are still expected to deliver
Automation
Time to Automate Performance Reporting for Clients & Prospects
I am looking forward to my participation in the Performance Measurement Americas (PMA) 2018 panel discussion entitled “Time for Full Automation,” which will take place Friday, March 9, at 12:05 p.m. at The Westin New York at Times Square, 270 W 43rd St., New York, NY 10036. Putting automation around the calculation of investment performance
