Physics, Aircraft Carriers, and Liquidity Buckets

At its March 14 open meeting, the SEC approved a proposal that while still mandating funds to use the SEC’s Form N-PORT to report liquidity classifications, commonly known as “buckets”, it would, among other things, eliminate the public reporting of buckets. The vote was generally split along party lines, with Republican Commissioners Piwowar and Peirce […]

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DataTech: Technology Innovation that Puts Data first

Just a few years back, the industry was responding to regulatory filings like Form N-MFP, AIFMD Annex IV, Form PF, Form CPO-PQR and Solvency II with individual software solutions to solve each one of those requirements in isolation from the others. And, just as regulatory fatigue had become the norm, U.S. mutual funds braced for […]

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Putting the Consistency in the Inconsistency: The Importance of a Global Regulatory Framework

Deloitte’s 2018 Regulatory Outlook states that even with all of the regulatory discussions and progress toward regulatory transparency both in Europe and in the United States in 2018, the uncertainty from a global regulatory perspective will remain. The Outlook specifically points out that “[f]inancial services firms need to be prepared to deal with the challenges […]

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Delays Aren’t What They Used to Be

Why the Form N-PORT Temporary Rule Is All Hat and No Cattle

Pretty much from the day the SEC finalized its reporting modernization rules, the industry has lobbied for something to ease the burden of readiness and processing – a delay, an extended monthly due date, a reduction in frequency – and often cybersecurity was the justification for those readiness and processing asks. The requests were met […]

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Beyond Compliance: Outlook for 2018

As we begin 2018, I am reminded of the remarkable evolution that has taken place in the fund servicing industry in the decade following the market downturn. It’s hard to imagine the pre-crisis era when static human disclosures and documents were considered good enough for regulators. The post-crisis shift in focus from investor protection to […]

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Artificial Intelligence in the Fund Industry:

Why Back-Office Workers Shouldn’t Fear the Future

More often than not when I browse a trade journal or the news these days, Artificial Intelligence (AI) is front and center. AI, robots, and other technologies reminiscent of science fiction, are beginning to take shape in all aspects of our lives. From the automotive industry to Amazon, and now even to the financial services […]

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