Is it possible that the global collateral and margining reforms known as the Uncleared Margin Rules (UMR) could be viewed as having ramifications beyond increasing workloads for reconciliation and securities operations to meet the compliance challenge? Many medium-to-small-sized firms may be asking that question as they work their way through the many requirements of UMR… 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 >>
The Dirty Secrets of Retro Recs Processing
The dirty secret about reconciliation and exception management is that many firms – large and small – are still using mostly manual processes. They are applying a mix of calls, faxes, data feeds, spreadsheets, internally developed applications and a desktop database to the problem, essentially what they were doing to support trading in the late… Read More >>
