It’s been a dynamic year when straight through processing (STP) and the push for T+2 settlement cycles made big comebacks while disturbing layoffs and ongoing fines and penalties appeared to be on the rise. We at FTF News have compiled the following list of the top Ops stories, trends, new currents and online video coverage… Read More >>
Two Guidances and a Farewell to 2014
Much needs to be tied up at the end of the year but unfortunately time speeds up. So before this interesting year wraps, I’d like to shine the spotlight on two guidances — a brand new one from the CFTC and an older one from the New York state government that got little coverage the… Read More >>
CFTC Loses DSIO Director to SEC
CFTC officials report that Gary Barnett, director of the regulator’s division of swap dealer and intermediary oversight (DSIO), will depart the agency in January to take a senior position at the SEC. Tom Smith, currently deputy director for DSIO’s capital, margin and segregation branch (CMS), will become the DSIO interim director. Barnett joined the CFTC… Read More >>
Advent Upgrades Products via Partners, User Input
Investment management systems and services vendor Advent Software has updated key offerings of its product suite, providing integration with other vendors’ offerings and incorporating ideas and even software from its user community, reports Robert Roley, vice president, solutions for Advent. The integration with other third-party vendors helps Advent provide more complete solutions that are implemented… Read More >>
Can Big Data Help Ops with Risk’s New Demands?
Big Data made quite a splash across several industries, but its adoption in the financial services sector has been highly fragmented. Yet it’s becoming clear that Big Data offers some operational advantages as financial services firm adjust to the new regulation-driven regime of risk management, according to a new report by market research firm Celent,… Read More >>
SEC to Overhaul Regulations for Asset Managers
The SEC is mulling new, comprehensive operational and risk management rules that will update and deepen its oversight of the asset management industry, according to SEC Chair Mary Jo White, who yesterday outlined “regulatory enhancements” for the “increasingly complex portfolio composition and operations” of asset managers. The proposed overhaul will revamp data reporting requirements, fund-level… Read More >>
SEC Names Head of Exams for Los Angeles
The SEC has named Karol L.K. Pollock as the new associate director of the exam program in the Los Angeles office, succeeding Martin Murphy, who retired earlier this year after more than 36 years of public service. After Murphy’s retirement, Pollock was named the acting director until a replacement was found, SEC officials said. Pollock… Read More >>
Elizabeth Warren Attacks Dodd-Frank Section Repeal
U.S. Sen. Elizabeth Warren launched an attack on a provision in the omnibus, $1.1 trillion spending bill of Congress that would prevent Section 716 of the Dodd-Frank Act from ending federal government bailouts for financial services firms engaged in risky swap derivatives. Despite Warren’s call for the House of Representatives to pull the repeal, the… Read More >>
Q&A: Settling Margin Calls Without ‘A Single Human Touch’
Broadridge Financial Solutions is bolstering its CollateralPro solution via a new partnership with AcadiaSoft, a provider of the MarginSphere margin call confirmation technology for collateral management. Jerry Friedhoff, managing director of securities financing and collateral management at Broadridge, took time out of his schedule to answer FTF News’ questions about the agreement that integrates MarginSphere… Read More >>
Fonetic Adds Multi-Trade Search Functions
Fonetic, a voice and text management vendor, has added multi-trade search and reconstruction capabilities to its compliance portfolio, officials say. Fonetic scans social media, data analytics, sentiment analysis and unstructured data for a multi-channel, multi-language solution that decodes customer behavior and makes recommendations on how to act, officials say. The company says that its Dodd-Frank… Read More >>
