Northern Trust has added financial technology provider SunGard’s Asset Arena Control Center (AACC) to the portfolio of products used by the custodian bank for automating back-office processes, according to a statement. AACC will “help Northern Trust benefit from further operational efficiency by converting complex work processes into electronic checklists and easy-to-read dashboards that help increase… Read More >>
Averting Deutsche’s Regulatory Reporting Woes
Long-term and wide-ranging problems with Deutsche Bank’s regulatory reporting processes have to come to light in a stern letter from the Federal Reserve Bank of New York (FRBNY) instructing Deutsche, in no uncertain terms, to immediately fix the problems identified. The letter and the scope of the problems it describes underscore both the challenges financial… Read More >>
Aite Reports on GRC Tools Market
Securities firms have to impress upon employees the necessity of good governance, risk, and compliance tools that can help restore trust among clients, according to a new report from market research firm Aite Group. However, firms will have to find GRC support systems in a highly fragmented market, researchers say. “To meet regulatory obligations and… Read More >>
Bracing for the Feds
Financial services firms should automate and speed up operations, fill risk management gaps, and customize compliance training to help themselves detect early signs of insider trading and massive trading errors especially in the wake of reinvigorated U.S. federal prosecutors and regulators, epitomized by the plea agreement announced yesterday against SAC Capital Advisers and other hedge… Read More >>
SVP Takes Over at Fidelity ActionsXchange as Advent Sales Exec Joins DealVector
SVP Advances to Head of Fidelity ActionsXchange Will Dolan has moved from his post as senior vice president, brokerage products for Fidelity Institutional, to head Fidelity ActionsXchange, which offers solutions for global corporate actions and related market events, officials say. Fidelity Institutional is the clearing, custody and investment management products division of Fidelity Investments. Since… Read More >>
