Asset Management Systems Insights

The capital markets regulatory environment can seem as volatile as everyday trading conditions. Even regulatory reporting vehicles can’t be counted on to remain constant. From February next year, the legacy CTCI tool commonly used for electronic FINRA TRACE and ORF reporting will no longer be supported. If you handle your own submissions,... read more

Caught between the rock of regulation and the hard place of fee reduction, it's currently a difficult climate for banks and asset managers.  And it is a growing list of rules and regulations for asset managers, from Dodd Frank in the US to Mifid II in Europe and the impacts of SDR, among others. A recent report revealed that... read more

Former RBS exec Caroline Rainbird named FSCS CEO UK’s Financial Services Compensation Scheme (FSCS) has appointed Caroline Rainbird as its new CEO, effective of May 4. Rainbird brings with her over 30 years of experience, including senior positions at RBS between 2009 and 2017. Commenting on the transition, FSCS chairman Marshall Bailey... read more

Asset management is considered highly attractive as the (regulatory) capital requirements are negligible. It is also currently one of the most profitable markets, especially in the financial services industry, with a high operating margin of 37% compared to 34% in banking or 4% in insurance, for example. The industry is also growing rapidly –... read more

Since the global financial crisis, regulators have given increased attention to the responsibilities of fund management companies* in overseeing their delegated functions. The US Investment Company Act of 1940, and AIFMD and UCITS in Europe, are clear that – while the valuation function may be outsourced – the overall responsibility for... read more

Carlos Domingo is a senior executive, entrepreneur, investor, and currently the CEO and co-founder of Securitize.  Before becoming the CEO of Securitize, Carlos co-founded and launched SPiCE VC, a fully tokenized VC fund. In order to ensure global compliance for SPiCE VC, Carlos and his team created the security token... read more

A regulatory sandbox is a framework that allows fintech start-ups and other innovators to conduct live experiments in a controlled environment under a regulator’s supervision.  Nicole Sandler, vice president, fintech and regtech, EMEA legal lead, Barclays, says that “one of the biggest reasons that companies enter a sandbox is... read more

Sample tests of transaction data provided by national competent authorities (NCAs) back to market participants is an “extra layer of complexity, and cost” which essentially results in “doing the same job twice,” said Adrian Clark, head of business risk and governance, at RBC Global Asset Management, at an industry event... read more

Significant issues remain in the disclosure of cost calculations within asset management, according to Nick Miller, head of asset management supervision, at the UK’s Financial Conduct Authority (FCA), at an industry event this week in London. On Thursday, the FCA called on firms to act following a review of costs and charges disclosure in... read more