Sanctions violations are increasingly risky for financial firms, given regulators' strict policies and the high costs of non-compliance. Firms must implement proactive measures, including robust screening, updated compliance frameworks, and thorough staff training, to avoid potential penalties. With global sanctions expanding, a lapse could lead to financial and reputational damage, making compliance an essential investment.
Sanctions Compliance
Avoiding Sanctions Penalties: Insights from Danny McGlynn at the IFl
FTF’s Nick Holland explores the importance of sanctions compliance with Danny McGlynn at the Institute for Financial Integrity.
FinTech Ops
Asset Managers Can Get to ‘Total Portfolio Management’
Asset Managers have long wanted a holistic, real-time view of all assets, public and private, at their fingertips. However, it’s all too common to think of data as a cost. We see it entirely differently: you need the right data, to have the right conversations.
FinTech Ops
FX Settlement and T+1: Are You Ready?
In May 2024, securities settlement in the United States, Canada, and Mexico will move from two days to one (T+2 to T+1). While the move will, in theory, reduce counterparty and market risk and lower margin requirements, it will have a significant knock-on effect on the global foreign exchange markets (FX). Jason Vitale, global head
Automation
T+1: What Now?
T+1 has clearly arrived in the West, although the views on how this has impacted day-to-day processing will extend globally.
Whether industry firms have taken a tactical or strategic technological approach to covering this market change, the role of technology and the importance of having a highly modernized solution have never been greater.
So, how is technology playing a role – and what are the most important areas that we have seen come through in the transition to T+1 for market participants.
FinTech Ops
New Skillsets & Integrations Are on the Rise for Performance Teams
A recent study reveals how the performance profession is evolving in two key aspects.
Standards
The Next Big Thing in Collateral Management: Digital Assets
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
Back-Office
Will T+1 Make Markets Vulnerable to Cyberattacks?
One of the biggest problems with T+1 or real-time processing is the capability or resilience of the capital markets to continue to keep the lights on when a major player or worse infrastructure is offline. In T+1 when transactions all must settle the following day the market players do not have the luxury of an
Back-Office
Will T+1 Make U.S. Markets the Most Expensive?
By now, every investor within the USA and Canada should be aware of their capital markets move from trade date plus two settlement (T+2) to trade date plus one settlement (T+1) on the 27th (Canada) 28th May (U.S.). However, this is not the case internationally. There are knowledge gaps around what operational impacts T+1 will
Back-Office
Natural Language Generation: Sailing Through Your Data Lakes
While most might not admit it, many wealth managers are drowning in their data lakes. Whether structured or unstructured data, performance, or regulatory information, corporate or client documents, it is easy for firms with a large number of accounts to feel like they can’t get their head above water to make the best decisions for
