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
Back-Office
School is Back in Session for Ops Professionals
Well, it looks like senior ops professionals of securities firms might have to dust off their books and sharpen their pencils in the near future. On March 4th, FINRA filed a 134 page request for a new registration category that would require certain back-office professionals of brokerage firms to take a qualification exam. Yes, I
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?
Back-Office
So Much Desktop Virtualization, So Little Time…
Guest Contributor: Simon Rust, VP of Technology, AppSense With desktop virtualization expecting to achieve a revenue of $1.5 billion by 2014, an increasing number of financial institutions are investing a great amount of time and energy into this up and coming technology as they are beginning to see the value of centralized management to help
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
Financial Technology
Financial Technology Companies Expand in 2011
Wall Street bonuses may have fallen 8% in 2010 according to a survey conducted by the Office of the New York State Comptroller, but it’s no reflection on whether or not Wall Street plans to buy this year. There has been a good indication of growth in the financial technology space in Q1 of this
Fun Friday
TGIF! Take a Coffee Break
TGIF! So if you’re looking for a nice place to take a break, and are in the NYC area, we suggest you head over to Financier Patisserie. This spot is part of Peter Poulakakos’ restaurant empire that includes Bayard’s (where we hold many FTF events), Ulysses‘, Adrienne’s Pizza Bar, Harry’s Cafe and Harry’s Steak, Harry’s
Conference and Event Planning
A Look Into the 5th Annual OpRisk Conference
For all of those who attended yesterday’s 5th Annual OpRisk Conference we would like to thank you for making it such a great event! Also, we would like to send a special thank you to all the knowledgeable speakers and the event sponsors, SunGard and Infogix. So we thought we would give you all a
Guest Blog
The Transparency Trap
Guest Contributor: Jane Conway, Ph.D., Chief Information Officer, Infonic AG Nearly 30 years ago, a US President said, “Information is the oxygen of the modern age.” While that statement is perhaps even more appropriate today, there’s an important impact to consider. Just as oxygen can be deadly in too small or too large a quantity,
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
