Funds

State Street’s US$88M Fine Highlights Deceptive “Pass-Along” Custody Fees

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How can a global custodian bank convince clients for almost two decades that a twenty-five cent cost for a SWIFT message transmission is really worth a $5 “pass-along” fee? Easily, when fund managers aren’t paying attention and no one at the custodian bank is minding the shop. That’s no longer the case now that the […]

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IHS Markit: Taking the Distress Out of Distressed Loan Settlement

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T+66. That’s on average how long it takes to settle a trade in a distressed loan. Now technology and data giant IHS Markit is hoping to reduce the timeframe by leveraging its existing platform for par loans. The settlement cycle for distressed loans is even longer than what it takes a package to travel to […]

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Hedge Funds: Proactive Operational Risk, Finally

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  Failed trade settlements, bad valuations, bad reconciliations, shoddy vendor management and simple forgetfulness. These glitches aren’t new for hedge fund managers. What is new is that they are turning to management and technology consultants for help.  As regulators, such as  the US Securities and Exchange Commission, look under the hood during exams and investors become […]

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Hedge Funds: Proactive Operational Risk, Finally

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  Failed trade settlements, bad valuations, bad reconciliations, shoddy vendor management and simple forgetfulness. These glitches aren’t new for hedge fund managers. What is new is that they are turning to management and technology consultants for help.  As regulators, such as  the US Securities and Exchange Commission, look under the hood during exams and investors become […]

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Hedge Funds: Proactive Operational Risk, Finally

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  Failed trade settlements, bad valuations, bad reconciliations, shoddy vendor management and simple forgetfulness. These glitches aren’t new for hedge fund managers. What is new is that they are turning to management and technology consultants for help.  As regulators, such as  the US Securities and Exchange Commission, look under the hood during exams and investors become […]

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Ready for digital regulation?

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JWG are pleased to announce new research in partnership with MarkLogic, which shows that financial institutions are ill-equipped to deal with the data demands of new regulation.

 

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Global Network Management: Artificial Intelligence the Charm?

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For global custody network managers, analyzing the tsunami of data on dozens of local agent banks and markets to ensure the safety of client assets remains a sore spot. For now, the use of artificial intelligence remains an elusive ideal, say panelists and attendees at a recent global custody event in New York hosted by […]

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Looking in SEC disclosures for the next LTCM

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This September will see two important financial crisis anniversaries. Not only will it be ten years since Lehman Brothers filed for bankruptcy, but also twenty years since the near-collapse of the hedge fund Long-Term Capital Management. Amid all the reforms to the global banking system and trading infrastructure since 2008, it’s worth asking the question: could an outsized hedge fund threaten the financial system today in the same way that LTCM did in 1998?

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Looking in SEC disclosures for the next LTCM

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This September will see two important financial crisis anniversaries. Not only will it be ten years since Lehman Brothers filed for bankruptcy, but also twenty years since the near-collapse of the hedge fund Long-Term Capital Management. Amid all the reforms to the global banking system and trading infrastructure since 2008, it’s worth asking the question: could an outsized hedge fund threaten the financial system today in the same way that LTCM did in 1998?

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Custody: Unchartered Waters for Digital Assets

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Qualified custodian. That’s a term that compliance and operations managers at registered investment fund advisors, not to mention the US Securities and Exchange Commission, are now grappling with, when it comes to the safekeeping of digital assets. The reason is two-fold. For starters, it is unclear whether the SEC’s custody rule for RIAs investing in […]

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