Brittany Garland, head of business for regulatory compliance, S&P Global Market Intelligence
Doing more with less and striving for more efficient IT infrastructures are still the dominant operational concerns among securities firms, says Brittany Garland, head of business for regulatory compliance, S&P Global Market Intelligence. Garland recently participated in an FTF News video chat.
However, the most important challenge for firms is trying to keep them up to speed with the ever-changing technology landscape for securities operations.
“By partnering with us, that’s really where customers can see an edge because we will use and leverage the internal data as well as technology capabilities when we’re providing them managed service outsourcing,” Garland says.
In addition to the IT landscape, clients are focused on the ever-expanding global regulatory environment. For instance, in the U.S., they are watching the changes to come for the Bank Secrecy Act and the Corporate Transparency Act, Garland says.
Beyond the U.S., the Monetary Authority of Singapore (MAS) is reworking its derivative transaction requirements slated to take effect in October 2024. Firms are also focused on MiFID III, which will kick in next year or 20
26, and the European Market Infrastructure Regulation (EMIR) Refit, a mandatory regulatory overhaul underway now.
S&P Global Market Intelligence’s Managed Service for Regulatory and Compliance won the Best Outsourcing Provider honor this year in the FTF News Technology Innovation Awards competition.
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