It’s no secret that exchange-traded funds (ETFs) have become quite popular as instruments that “help institutions manage their cash flow, hedge risk, gain quick exposures to illiquid market segments and more,” as market research firm Greenwich Associates has noted. But is it time for the industry to take ETFs to the next level? A new… Read More >>
Time for a Crypto Cop?
Many people have been wondering when the controversial crypto currency phenomenon will get the regulatory oversight needed to provide safeguards for investors and other participants. In the U.S., the SEC and CFTC are pursuing guidelines and enforcement actions as the crypto efforts move full speed ahead. I’m certain that the regulators would appreciate additional help… Read More >>
Cybersecurity Regulation Deadline Looming via NY DFS
In case you may need another regulatory deadline, the New York Department of Financial Services (DFS) has issued a reminder to all the organizations it oversees that they have a cybersecurity regulation deadline coming up on Sept. 4, 2018. That is the day when “the third transitional period of New York’s first-in-the-nation cybersecurity regulation ends,”… Read More >>
Broadridge Offers More Details About Its Blockchain Plans
(Horacio Barakat, vice president of corporate strategy at Broadridge Financial Solutions, already acknowledges in a recent FTF Awards video. that the company has “accomplished a lot over the last 12 to 18 months” in its efforts to take advantage of blockchain and distributed ledger technology (DLT). In particular, the vendor has had breakthroughs via a DLT-based… Read More >>
Buy-Side Firms Need Help Amid Disruptions: Q&A
(Disruptions via technology, regulators and market conditions are spurring major changes in operations for many buy-side firms, says Marc Mallett, who serves as vice president for sales and product management for SimCorp North America. On his LinkedIn page, he describes himself as being responsible for the company’s sales, presales and product management. He lists as… Read More >>
Giancarlo’s Letter to the Pope
It took a while, but CFTC Chairman J. Christopher Giancarlo and Chief Economist Bruce Tuckman have responded via a letter to the justified criticisms of derivatives and related activities that the Vatican with the blessing of Pope Francis released this past May. To recap, a Bollettino published May 17 by the Vatican’s Congregation for the… Read More >>
Another Bold Move by Commerzbank?
While the USA was gearing up for the Independence Day holidays in early July, Commerzbank in Germany announced the sale of its equity markets and commodities (EMC) business to Société Générale (SocGen) for an undisclosed sum. On the face of it, the deal helps Commerzbank streamline operations as part of its much-publicized Commerzbank 4.0 strategy,… Read More >>
SEC Filers Must Move to Inline XBRL
Amid the flurry of news about tariffs, scandals, mergers and trade wars, the SEC quietly adopted rule amendments that will require the implementation of the Inline eXtensible Business Reporting Language (XBRL) format “for the submission of operating company financial statement information and fund risk/return summary information,” according to the SEC. The amendments are expected “to… Read More >>
Pondering the Disruptions of 2018
Suddenly, we’re heading into the Fourth of July holiday. Independence Day marks the end of the first half of a year that has been marked by ongoing technology disruptions, volatile markets, dramatic geopolitical situations, a flurry of mergers and acquisitions, a crypto currency craze, and a strong sense that while new regulation has not ceased,… Read More >>
MUFG Issues a Cyber Security Management Declaration
When it comes to cyber-attacks, my guess is that financial services firms are petrified that they will be hit hard by a rather successful invasion sooner than later. The potential of such attacks causes firms to clam up and pretend that have no problems until they are forced to acknowledge that a catastrophe is underway…. Read More >>
