In case you weren’t following our live updates on twitter last week (#FTFSecOps), I thought I would bring you up to speed on the issues discussed at our Securities Operations Seminar in Boston last week. The day got kicked off with a timely discussion on the impact of Dodd-Frank and other regulatory initiatives for securities
Compliance
Good Risk Management = Good Business Management
Guest Contributor: Todd Cooper, Vice President and General Manager of Enterprise Risk Compliance, Wolters Kluwer Financial Services The financial services industry is definitely at a crossroads when it comes to compliance and risk management. One road leads to growth, but requires taking calculated business risks in order to achieve success. The other path involves avoiding
Compliance
Too Big to Fail?
While watching Too Big to Fail last night on HBO I was reminded of an article I read last week titled “Clearing Houses ‘Would Not Have Prevented Financial Crisis’”. Basically, the article’s point was that while there have been efforts made since the financial crisis to prevent future ordeals there hasn’t been enough focus on
Compliance
Regulators vs. Traders
Traditionally, OTC derivative trades are not required to take place over an exchange, but regulators are working on changing that very soon. The OTC derivatives market has been boisterously opposing the potential new regulations that will require them to now trade over exchanges because it will mean that they will need higher collateral and better
Compliance
Dodd-Frank IT Implications for Investment Firms: Disaster Recovery, Archiving
Guest Contributor: Mary Beth Hamilton, Director of Marketing, Eze Castle Integration At 800+ pages, the Dodd-Frank Wall Street Reform and Consumer Protection Act is far reaching and requires a serious time commitment to comb through. As the deadline approaches, investment firms are increasingly looking at the technology requirements outlined in the regulation and the implications
Compliance
Basel III: Planning for the Future
Guest Contributor: Joe Antocci, Account Manager, Avid Technical Resources While the world picks up the pieces caused by the destruction of the economic crisis, financial institutions face a variety of challenges – among these challenges is how to respond to the wave of new regulatory reform. Given that technology plays such a vital role in
Compliance
Dodd-Frank and IT Departments – A Super Team?
Since being signed into law this past July, Dodd-Frank has created many challenges for the Financial Services Industry. New requirements and compliance rules will be affecting nearly every sector of the industry from data management to proprietary trading, but what will the impact be on a firm’s IT department? IT departments are usually asked to
Compliance
Seeing Social Media as a Business Tool, Not Just a Trend
No matter what industry you work within, I think it’s safe to say that social media is here to stay. Even in the financial services industry there has been a real increase in the use of social media this past year, albeit with some resistance. So with all this growth, why is there still opposition?
Compliance
Opportunities Within Regulatory Change
2011 is shaping up to be remembered as the year of regulatory change. While Dodd-Frank, the Volcker Rule and other regulatory notices have been in the pipeline for months, 2011 will be the year that most of these regulations are put into practice. While many firms have been struggling or stressing over the fact that
Compliance
The End of the EU Hedge Fund?
2011 will be remembered as the year of rules and regulations in the Financial Services Industry. Thanks to the Dodd-Frank Bill, many industry regulators will be handing down numerous sanctions this year to Wall Street and beyond. Basel III will be hitting banks, stricter debit card rules will be applied to retailers, derivatives operations and
