Data

FinCEN’s New Reporting Category: Human Trafficking

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Anti-money laundering managers at US banks could soon beef up their efforts to help law enforcement catch human trafficking, thanks to a new line item on their suspicious activity reports (SARs). AML executives aren’t responsible for prosecuting the criminals, but they might prioritize sniffing business activity for signs of human trafficking now that the US […]

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Initial Swaps Margin: Facing Final Custodian Interactions

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Investment funds will have to meet initial margin requirements for uncleared derivative transactions in 2020 and 2021 will soon find that their biggest legal and middle-office challenges could be dealing with custodian banks. The new requirements will affect far more investment funds than the initial phases starting in 2016. Although funds likely have relationships with […]

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ISDA/GFMA Joint Publication: Legal Entity Identifier (LEI) Frequently Asked Questions (Japanese)

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The joint ISDA and GFMA publication provides answers to commonly asked questions regarding the Legal Entity Identifier (LEI). Several regulators around the world require or are anticipated to require that market participants obtain an LEI for transaction reporting and for other uses where clear identification of entities is needed. The publication provides information about where to go to obtain an LEI.

The publication can be used in any LEI outreach efforts. Members are encouraged to share this document with clients to highlight the need to obtain an LEI.

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FRTB: Five Ops Steps to Recalculating Market Risk

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Bank trading desk, risk, and data managers are quickly realizing that the term fundamental in the new Fundamental Review of the Trading Book legislation should be taken literally and they don’t have much time left to prepare. The European Union has set January 2022 as the timetable for banks in its jurisdiction to meet more […]

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SEC: Old Transfer Agent Rules Apply to New Blockchain

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The US Securities and Exchange Commission’s decision to register blockchain-enabled transfer agents has resurrected the issue of how it can apply securities laws to a nascent unproven technology. San Francisco-based Securitize has laid claim to being the first “agent” registered by the SEC to have developed an open-source blockchain based protocol for shareholder recordkeeping with […]

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Rule 606: SEC Redefines Discretionary Trades

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The US Securities and Exchange Commission’s decision to broadly define what makes a trade execution discretionary will force introducing and executing brokers to walk a thin tightrope when complying with its new Rule 606. They will have to make some tough choices on how much information the executing broker can release on a trade order […]

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Free Webinar: Six Practices to the Best Cyber Defense From Hackers and Regulators

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  Is your IT team overwhelmed keeping your network/cloud safe from sophisticated hackers? Are your C-suite executives struggling to keep regulators and customers satisfied all confidential data and assets are properly protected? Tony Pietrocola, president of Agile1, has devised six proven practices to mitigate the chance your organization will become the next cyberattack headline, forced to […]

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IRS: Get Your Data Right on FATCA and QI Certifications (Or Else)

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The US Internal Revenue Service is turning tax operations and compliance departments into data and paperwork geeks when it comes to meeting their requirements for FATCA and QI. Did your tax operations department withhold the correct amount of tax for the right account and file the form correctly by deadline? That’s what an IRS auditor […]

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IRS: Get Your Data Right on FATCA and QI Certifications (Or Else)

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The US Internal Revenue Service is turning tax operations and compliance departments into data and paperwork geeks when it comes to meeting their requirements for FATCA and QI. Did your tax operations department withhold the correct amount of tax for the right account and file the form correctly by deadline? That’s what an IRS auditor […]

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