In case you didn’t already know, last week in Amsterdam Sibos brought together members of the financial industry to discuss topics that “matter most, across business areas, across functions and across regions.” This year one of the topics discussed were OTC derivatives and the current shift of placing more risk on the CCPs. With our
Corporate Actions
If SWIFT Doesn’t Lead ISO20022 Will Stagnate
Guest Contributer: Gary Wright, CEO, BISS Research As everyone knows, in the securities market, ISO0022 messages are beginning to grab plenty of attention, but very little genuine activity, when it comes to implementation by financial services firms. Why? SWIFT has been instrumental in the introduction of ISO15022 into the world’s securities markets where bank to
Back-Office
Asia Does it Again
A recent study conducted by Omgeo revealed a direct correlation between the percentages of Same Day Affirmation (SDA) scores with settlement efficiency. The data for the study came from SDA scores of firms using Omgeo services representing 46 countries and averaging 24 million trades/month and settlement efficiency rates as measured by Global Custodian surveys of
Clearing and Settlement
Custodian Banks See Opportunity in OTC Derivatives Regulation
With Sibos 2010 underway in Amsterdam, this year’s themes include regulation, rebuilding trust and recovery. And to that point, a noteworthy story came out of the first day of this year’s extravaganza. It seems in the midst of the ever-changing OTC derivatives landscape, there is a silver lining – for custodian banks that is. Even
Back-Office
New Cost-Basis Concerns
After reading Maureen Lowe’s blog post earlier this week on the first phase of the new Cost-Basis Reporting law that is scheduled to go into effect this January 1st and the release of the IRS’s final requirements, I thought it might be beneficial to look into what all these new cost-basis requirements are all about!
Back-Office
The Final Cost Basis Reporting Law: Better Late Than Never?
The presenters of our Cost Basis Reporting webinar back in June weren’t too far off in their predictions. Less than three months before the first phase of the new Cost Basis Reporting law is scheduled to go into effect, the IRS at long last decided to release the final requirements. Aside from adding yet another
Regulation
Quit While You’re Ahead? Or Maybe While You’re Behind?
Every morning I read the news and every day the Global Economy becomes more of a puzzle than the day before. Have you ever been putting a puzzle together just to come to the end and realize one piece is missing!? That’s what reading up on the economy is like for me. It seems I
Compliance
The New CIA: The Office of Financial Research?
Who would have thought it could be possible to compare the CIA, an agency known for its fight against terrorism, to a research office within our Treasury Department? Now though, thanks to the passing of the new financial regulation, that may not be such an unrealistic assessment. An article in Businessweek reported that Congress has
Conference and Event Planning
The Bull Run – and Maybe a Little Running of the Bull
Homework. I haven’t heard that word – well, let’s just say, in a long time. Despite that, however, the all too familiar feeling returned rather quickly – when the heck am I going to have time to do that? So, here I am in London dashing between appointments with clients talking shop (in heels, no less),
