On a recent flight home after a client meeting, I found myself thinking about what is really motivating global financial services companies in their decision-making around technology and regulatory compliance. In the highly competitive third-party administrator space, I think one of the primary motivators is the fear of revenue loss (really, it’s a motivator for […]
Who Moved My Spreadsheet, Cubicle – or Whatever?
Three weeks ago, like many of my colleagues, I downsized from an office into a cubicle. It was a big move. And it’s gotten me thinking a lot about change and how people react differently to it. There’s a lot of change and transformation in our industry. I have been working in this industry for […]
European Money Market Reform – The U.S. Feels Your Pain
Roughly seven years ago, the introduction of Form N-MFP in the U.S. ushered in the era of systemic risk regulatory filing. During the economic crisis, regulators needed a way to quickly determine the market exposure from asset management portfolios so that they could use that information to determine the economic impact of major events like […]
Confluence Connect ’17 – A Community Inspired by Change
Last month I had the pleasure of spending two full days with our clients in Pittsburgh, where the Penguins’ Stanley Cup win wasn’t the only buzz around the city. Clients were visiting our hometown city for Confluence Connect ‘17, a conference designed to bring industry colleagues together to discover a shared vision, network with peers, […]
To Swing or Not to Swing, That is the Question
Swing pricing is coming to the U.S. and the response has been a mixed bag. Discussions around swing pricing started in earnest September 2015, when the Securities and Exchange Commission (SEC) published a proposal for reforms “designed to enhance effective liquidity risk management by open-end funds.” About a year later, in October 2016, the SEC […]
Featured Guest Blog: Cloud First, Faster
Businesses are openly embracing the Cloud in 2017. As previously noted in Tom Pfister’s Cloud First post to this blog, businesses are adopting cloud technologies more than ever before. However, many business people are finding the contracting process for adopting cloud services is slower and more complicated than buying installed software. Why are cloud services […]
Getting in that SEC Reporting Modernization State of Mind
As fund operations teams work through their SEC Reporting Modernization readiness, the most important task to execute, oddly enough, might be a shift in mentality. By and large, operations teams excel by executing a known process, executing it better than their peers and competitors, executing it today better than they did yesterday and with fewer […]
SEC Modernization Challenges: Data, Reporting Frequency and Implementation
An SEC Modernization Readiness Q&A with Confluence’s Director of Regulatory Reporting Operations
Originally published on Brown Brothers Harriman’s On the Regs blog The SEC finalized its reporting modernization and liquidity rules late last year. What are you hearing are some key implementation challenges for firms specific to these rules? Many firms know there will be an associated cost to their operations, but they are having difficulty quantifying […]
Need the Form N-PORT XML Schema?
Get Ready to Wait.
As SEC Reporting Modernization moves from planning to preparation, one persistent gap in those plans – and an issue at the top of everyone’s concerns – is the release of the Form N-PORT XML Schema. XML is data that has been assigned standardized tags that denote the meaning of each data item. It is what […]
Solving the Data Puzzle
How to meet the ever-increasing volume of data needs and integrate a global data strategy simultaneously
SEC Modernization has pushed the fast-forward button on the data management strategy for organizations of all sizes. The data requirements, especially for Form N-PORT, which include an increased volume of data and frequency of reporting on that data, have organizations looking at more than just the volume of data they hold on behalf of their […]