Insights
Regulatory Cyber Alert: SEC’s OCIE Issues Risk Alert on Data Storage Security
On May 23, the U.S. Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert regarding the security associated with cloud and network data storage solutions.
- Cybersecurity
White Paper: 2019 Liquidity Risk Management Program Rule Survey Results
ACA Compliance Group is pleased to present their newest survey results in the form of a white paper, 2019 Liquidity Risk Management Program Rule Survey Results.
- Compliance
Mirabella’s Response to the FCA’s review of principal firms in the investment sector
The FCA recently published the conclusions of its review of principal firms in the investment management sector. We examine the relevance of the findings and outline how the FCA rated Mirabella in the review.
- Compliance
Regulatory Cyber Alert: SEC Conducting Cyber Compliance Examination Sweep of Registered Investment Advisers (RIAs)
The U.S. Securities and Exchange Commission (SEC) has commenced a series of cybersecurity examinations on registered investment advisers (RIAs) which targets Form ADV data related to cloud service providers.
- Cybersecurity
FINRA Provides Guidance Regarding Suspicious Activity Monitoring and Reporting Obligations
FINRA recently issued Regulation Notice 19-18 (the “Notice”), which provided guidance to member firms regarding their monitoring obligations with respect to suspicious activity pursuant to the Bank Secrecy Act (“BSA”) and anti-money laundering (“AML”) requirements.
- Compliance
How to Remove the Pain from Vendor Due Diligence
Third-party risk management can be painful, time-consuming, and expensive. Get the pain-free solution to effective vendor due diligence in our latest blog post.
- Cybersecurity
Q&A: The New Prudential Regime - What Does This Mean for You?
The Investment Firm Regulation (IFR), a new prudential framework developed by the European Commission (EC), will soon apply to all MiFID investment firms. The vast majority of investment firms will need to adapt to a new set of capital, liquidity, and reporting requirements. Whether or not you believe these rules are simpler and more proportionate to investment firms, you need to be prepared.
- Compliance
- FCA
Cyber Alert: New Intel Chip Security Vulnerability
On May 14, Intel announced a series of security vulnerabilities in its central processing unit (CPU) chips. The vulnerabilities are collectively labeled Microarchitectural Data Sampling (MDS).
- Cybersecurity
Cyber Alert: Surveillance Attack Discovered in WhatsApp; User Upgrade Strongly Recommended
On May 13, Facebook announced a vulnerability in its popular WhatsApp messaging service. The vulnerability allows attackers to install spyware on smartphones by simply placing a voice call to WhatsApp on the device.
- Cybersecurity
Industry Groups and Experts Align for Increased Transparency in Private Market Performance
Just when we thought the upcoming Uber IPO was the biggest news in private markets, we get a hot take from the Oracle of Omaha. At the annual meeting of Berkshire Hathaway Inc., Warren Buffett noted “[w]e have seen a number of proposals from private equity funds where the returns are really not calculated in a manner that I would regard as honest; [i]f I were running a pension fund, I would be very careful about what was being offered to me.”
- Performance