For the first time in some years, the Financial Conduct Authority (FCA) has written to asset managers’ CEOs on prudential matters. The& letter& includes a plea by the FCA for data that it, and the EBA, can rely upon when aggregating firms’ submissions to understand the macro picture.& It also highlights that some firms appear […]
FCA ‘s Dear CEO letter targets improved prudential processes Read More »
The U.S. Securities and Exchange Commission ‘s (“SEC”) Form PF presents many challenges for& investment advisers, particularly those that have large data sets and multiple administrators. To save time, reduce risk, and increase operational efficiencies, it can be helpful to let someone else do the heavy lifting when it comes to Form PF filings. How
How ACA ‘s Form PF Solutions Can Help Lighten the Load Read More »
Last month I had the opportunity to moderate a panel at the PEI CFOs & COOs Forum in New York on “Performance Calculations: Does the PE Industry Need More Standardization?” The panelists were seasoned CFOs from respected private equity fund managers and exchanged engaging dialogue with over 100 attendees in the breakout discussion. The panel
Lack of Standardization Can Lead to Increased Risk for Asset Managers Read More »
Cyber-attacks continue to increase as new threats emerge. In the first half of 2018, several major breaches and incidents occurred at companies including Facebook, MyFitnessPal (Under Armour), and Panera Bread, to name a few. Let’s take a look at what happened and the lessons we can take away from these incidents. Panera Bread What Happened
Investors and portfolio managers alike grapple with the best calculation methodology to use in performance measurement. We’ve created a fact sheet to help you distinguish the two primary measures: the time-weighted rate of return (“TWR”) and the internal rate of return (“IRR”). Both return metrics have a place in presenting meaningful performance. Due to its
Performance Measurement Methods: TWR vs. IRR Read More »
This week is Tax Identify Theft Week in the U.S. As tax filing season kicks off, it’s important to be on the lookout for tax scams. Last year, the Internal Revenue Service (IRS) issued its Dirty Dozen list of tax scams, which included phishing, phone scams, and identity theft. Last fall’s Equifax breach may also
U.S. Tax Season Starts this Week — Here are Some Scams to be Aware of Read More »
SEC examinations of Registered Investment Advisers are on the rise. The SEC Fiscal Year 2018 Congressional Budget Justification indicates that the estimated percentage of investment advisers examined in FY 2017 and FY 2018 is 13%, up from 10% and 11% in 2015 and 2016, respectively. We have also seen increased regulatory scrutiny around advisers’ use
What to Expect from Electronic Communications Exam Requests Read More »
Are you tired of managing your vendors with spreadsheets? Do you have a different tab for every third party? Does the prospect of a regulatory exam make you break out into a cold sweat? The reality is that managing vendors manually can be inefficient, costly, and burdensome. A manual program creates redundancies, disorganization, and a
The European Commission today issued its proposals announcing a new prudential rule book for investment firms. This is based largely on the opinion and final report issued by the European Banking Authority (EBA) earlier this year. The new rules will seek to move smaller non-bank-like investment firms away from the current regime governed by the
New Prudential Framework: Impact Analysis for EU Investment Firms Read More »
Firms in both the U.S. and the UK need to be aware of recent changes made to regulatory reporting forms. While the industry has been focused on MiFiD II, enhancements continue to be made to existing regulatory filings that require firms to keep abreast of their changes and modifications. Form PF Updates Form PF is
Recent Regulatory Reporting Updates – What Your Firm Needs to Know Read More »
