Insights
5 Cybersecurity Considerations for Investment Companies
ACA’s Askari Foy and Thomas Riley recently hosted a live webcast discussing cybersecurity best practices and trends for fund boards, sub-advisers, and investment company service providers with cybersecurity oversight. This post provides key takeaways from the webcast that investment companies can implement to help mitigate cybersecurity risk and protect the fund's assets and reputation.
- Cybersecurity
MiFIR Transaction Reporting: Key Issues Highlighted by the FCA
With a significant increase to the number of reports ingested and the uptick in the number of firms submitting data, the FCA has been able to build a clearer picture of the behaviours of firms’ and their clients. However, the regulator is stressing the importance of reporting data quality, accuracy and completeness, with a particular focus on the following issues.
- Compliance
Survey Confirms Increase in GIPS Compliance, Verification; Consultant, Investor Demand a Key Driver
A just-released survey of institutional asset managers, consultants and investors confirms compliance with the Global Investment Performance Standards (GIPS®) is on the rise, with 84% of asset managers responding saying their firms are GIPS compliant.
- Performance
- GIPS Standards
The Value of GIPS Compliance: 2018 Manager and Consultant Survey
As the GIPS standards gain more acceptance and international adoption, and with CFA Institute’s expected release of the 2020 GIPS standards for public comment, there are persistent questions about the current state of GIPS compliance.
- Performance
ACA Aponix Expands Team of Cybersecurity and Risk Professionals
ACA has expanded its team of cybersecurity and risk professionals with new employees who have extensive experience in various industries including financial services and banking, healthcare, manufacturing, real estate, and higher education.
- Cybersecurity
- ACA News
Key Considerations for Building a Strong Cyber Compliance Program
ACA Aponix Partner Mike Pappacena provides the key elements to building a strong cybersecurity program that not only protects your business and data, but also keeps regulators away.
- Cybersecurity
Recent Developments in the SEC’s Requests Related to MNPI Testing
The U.S. Securities and Exchange Commission ("SEC") continues to invest in developing and improving its technology and data analytics capabilities.
- RegTech
The CFTC Expands Its Regulatory Approach to Cryptocurrencies
The U.S. Commodity Futures Trading Commission (CFTC) has taken several actions to flesh out its regulatory approach to cryptocurrency transactions that are classified as commodities. There’s no doubt that US regulators will continue to publish new materials on cryptocurrencies as the year progresses. How should firms that wish to engage in cryptocurrencies prepare?
- Compliance
Roy Kim Joins ACA Compliance Group to Grow Banking Asset Management Practice
Roy Kim has joined ACA’s regulatory compliance team as Director of Banking Asset Management.
- Bank Asset Management
- ACA News
Compliance Culture: Building an Approach on Three Core Values
Most firms find “compliance culture” an important, yet elusive, term that is difficult to define and even more challenging to shape and nurture. However, it’s clear that a compliance culture sets the basis of behavior, integrity and accountability across an organization. But what are the core values that can help firms focus their overall efforts to build a compliance culture more effectively?
- Compliance