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Financial regulators across the globe are cracking down heavily on cases of individual misconduct, according to the 5th annual Global Enforcement Review published by the Compliance and Regulatory Consulting Practice of Duff & Phelps.
Regulators in the UK, USA and Hong Kong brought a total of 1,761 cases against individuals in 2016, equivalent to almost seven cases for every working day of the year, as enforcement actions against individuals outnumbered those against firms four to one.
Of the six global regulators assessed across three continents (the UK’s FCA and PRA, the US’ FINRA, CFTC and SEC and Hong Kong’s
- 31/07/2017
Europe-domiciled bond funds received net inflows of EUR29 billion in June, the second-highest monthly tally since Morningstar started to publish European asset flows figures in 2007.
Total inflows for bond funds rose to EUR152.2 billion in the first six months of the year, a new high for semi-annual net inflows into the asset class.
Funds in the USD-hedged global flexible-bond category were the main beneficiaries of the rush to bond funds, specifically the PIMCO GIS Income Fund, rated Silver by Morningstar’s analysts. The fund amassed net inflows of EUR4.1 billion during the month and is now Europe’s largest open-end
- 31/07/2017
StatPro Group, an AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has signed a three-year contract extension with FundBPO for StatPro Revolution, including a portfolio usage increase and an extension of consulting.
FundBPO Pty Ltd (FundBPO), one of Australia’s leading independent fund administrators, provides fund administration services to more than 630 managed funds, administering more than AUD114 billion of funds globally.
As FundBPO is experiencing growth in demand for its middle office services, it is looking for a solution to meet its growing performance measurement and risk analytics needs. With
- 31/07/2017
By George Ralph, RFA – Outsourcing IT is a viable option for many private equity firms who are looking for high quality, enterprise grade technology without the headache of managing it in house.
The last Deloitte global outsourcing survey in 2016 indicated that the market for outsourced services would almost certainly continue, but outsourced service providers would need to change and adapt to meet the needs of customers, who expect innovation, and want to see their businesses enhanced and improved by service providers.
Increased regulations and changes to compliance legislation have not dented the trend for outsourcing, as ISG report in
- 31/07/2017
Regardless of which side of the financial street you are on – buyside or sellside – trying to gain clarity on the costs of research unbundling under MiFID II is one of the biggest priorities and a key component of the planning roadmap.
With the deadline only six months away, managers and brokers need to determine how best to price research and what they are willing to pay for it. What is the depth and breadth of research production, and how much is it likely to cost to manage research under MiFID II?
These are critical questions that the industry
- 31/07/2017
In Part 1 of our hybrid cloud whitepaper excerpt, we reviewed the primary benefits to public, private & hybrid cloud infrastructures, and reviewed a number of considerations including service & support, availability and uptime, and proximity. In Part 2 below, we dive into additional factors to contemplate, specifically: security, application hosting and cost.
To download the full whitepaper, Is Hybrid Cloud Right For Your Firm?, click here.
Security
While your public cloud provider may provide world-class security for its services, your company is still on the hook for certifying all aspects of information security. For compliance-driven businesses, there
- 31/07/2017
By George Ralph, RFA – How do firms retain 100% of their clients? Firstly, when clients have put their trust into your business and agreed to work with you, that’s just the start of the journey. Many businesses see winning the client as the end goal. Instead see this as the beginning of a long partnership and take a systematic approach to onboarding new clients, which means less errors, and a professional service delivered both before and after the client signs up with you.
A specialist should work through a set of steps starting with initial data gathering, to create
- 28/07/2017
Euronext has announced its results for the second quarter of 2017 including a 3.8 per cent increase in revenues to EUR137.3 million (Q2 2016: EUR132.3 million) on the back of improved trading volumes on both the cash and derivatives markets, with derivatives also benefiting from the closure of TOM in the Netherlands.
Operational expenses excluding Depreciation & Amortisation increased by 6.3 per cent to EUR58.1 million (Q2 2016: EUR54.6 million) due to the deployment of the company’s Agility for Growth initiatives, ongoing IT projects (including the development of our new trading platform, Optiq), and new business.
During the quarter,
- 28/07/2017
LiquidityBook has appointed industry veteran Andy Carroll (pictured), as Chief Architect. Carroll, who will report to CTO Shawn Samuel, will be responsible for the technology architecture of the firm’s SaaS-based platform.
Carroll is LiquidityBook’s third major hire in as many months, joining Head of Technical Sales Les Vital and EMEA Client Services Manager Nicholas Thompson, both of whom joined from Eze Software Group.
Carroll ibrings over 30 years of experience across the industry. He joins LiquidityBook from Twitter, where he was a staff software engineer in the firm’s Live Video group, serving as the tech lead on the project
- 28/07/2017
TradesParent, a provider of Commodity Management Solutions, has become a registered service provider with CME Group to help extend regulatory reporting capabilities for the commodity processing and trading community.
“We are pleased to work with TradesParent to provide the global commodity community with a well-integrated trade reporting solution,” says Jonathan Thursby (pictured), Executive Director & Global Head of CME Group Global Repository Services. “The TradesParent Commodity Management Cloud Solution’s innovative technologies and analytics are the key to unlocking value and helping our mutual customers to achieve regulatory compliance.”
Designed and built by commodity professionals for the commodity industry, the
- 28/07/2017
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