The Securities Financing Transaction Regulation (SFTR) was established by the EU to increase transparency in the securities financing markets. Published in the EU Official Journal on 23 December 2018, SFTR primarily involves transaction reporting to a Trade Repository (TR). Its obligations were designed to take effect on a phased basis over several years.
In the first of this two-part series exploring what hybrid work means in the funds industry we start by exploring what hybrid work is and discuss the different models companies are adopting. Come back next week for part two where we interview leading industry peers on the topic.
“We are living in a fee-compressed world with ever-increasing pressure to add funds without increasing headcount. The reason I love Fund Recs is because I’m able to bring on more funds without having to worry about adding to the operations team.” CFO, Global Fund Administrator.
Adminovate is a full-day forum bringing together innovative fintech start-ups, fund administration professionals and industry experts from the investment operations world to learn and share perspectives on the next wave of industry evolution.
ESEF, which derives from the 2013 Transparency Directive, will standardise electronic financial reporting, and will also make it easier for investors, authorities, and other stakeholders to analyse financial data through automated platforms.
On January 31st The European Securities and Markets Authority (ESMA) published a statement addressing the EMIR Refit implementation issues. Following this, the Central Bank have confirmed that it will exercise its supervisory powers in an appropriate manner.
Will bots replace humans in the Fund Industry? This question has come up at many events we have attended over the past few years. Below our very own Ciaran Walshe explains where he feels bots will and won’t have an impact.
From start-ups to large Enterprise companies the debate of whether to ‘build’ or ‘buy’ software is one that comes up on a regular basis. This post explores why I think in most cases you should import innovation in order to focus internal development on creating a core competetive edge.
The Central Bank of Ireland this week issued a "Dear CEO" letter outlining concerns over the rising level of outsourcing to global service providers. Based on a thematic review carried out on five of the larger Irish Fund Administrators during the first half of 2016 the Central Bank found that the extent of outsourcing amongst these is extensive and continuing to grow with levels of between 48% and 68% of fund administration activities outsourced as at the end of 2015.
The Investor Money Regulations came into effect on 01 July of this year and applies to collection accounts that hold Investor monies. The aim of the regulation is to enhance investor protection by ensuring the Fund Service Providers (FSP) properly segregate, monitor and reconcile collection accounts daily. Investor money is any money to which an investor is entitled, received from or held on behalf of an investor.
Leading global Fund Administrator and technology provider SS&C have been sued by one of its hedge fund clients,Tillage Commodities Fund, claiming it ignored its own protocols and deceived clients into thinking it had sound technology to prevent Chinese hackers from spoofing its identity when transferring and stealing $5.9 million in US dollars.
Are hedge funds throwing away thousands of dollars by insisting on duplicating the fund accounting function? One of the key responsibilities of the fund administrator is to calculate the fund net asset valuation, the official NAV. Surely they can get that right, right?