Contributor: Steve Sabin, chief operating officer, SunGard’s Protegent business Compliance is complex and expensive—but not as expensive as non-compliance. Fragmentation, continued regulatory changes, and globalization of regulation are among the top concerns for most securities firms today. Over the years, firms implemented separate systems to satisfy specific compliance requirements as they emerged, such as trade [...]
Posts Tagged: SEC
FINANCIAL REGULATION Q&A WITH LARRY THOMPSON, DTCC
This week I took a few minutes to ask Larry Thompson, managing director and general counsel at The Depository Trust & Clearing Corporation, what he is thinking these days regarding financial regulation. I gave Larry a handful of questions to answer, touching on Dodd-Frank implementation, regulatory uncertainty, and preparedness. Take a look at his responses and use the comments section to ask your own questions. What do you want to ask DTCC?
THE UNINTENDED CONSEQUENCES OF INDEMNIFICATION
Guest Author: Larry Thompson, managing director and general counsel of The Depository Trust & Clearing Corporation I had the pleasure recently to speak at SunGard’s New York City Day and focused, in part, on a little known provision of Dodd-Frank, known as indemnification, which is gaining traction as a key issue in the broader debate [...]
INDUSTRY ROUNDTABLE: DODD-FRANK RULE IMPLEMENTATION
Author: Tony Scianna, deputy head of strategy, SunGard We’ve talked a lot on this blog about the new rules and requirements that will soon affect the financial industry as a whole. After catching up with John Omahen, vice president of our post-trade derivatives solutions, who recently attended talks with regulators in Washington, D.C., it is [...]
START YOUR ENGINES: THE FUTURE OF HIGH FREQUENCY TRADING
On March 27th the 2011 Formula 1 season kicks off with the Qantas Australian Grand Prix. Each of the teams will have spent untold millions of dollars refining their cars to be as fast and as aerodynamic as possible. The drivers will study the tracks and other drivers carefully, plotting and memorizing the optimal driving [...]
SEC ELIMINATES PAY-TO-PLAY. WHAT DOES THIS MEAN FOR COMPLIANCE PROFESSIONALS OF ADVISORY BUSINESSES?
By Ragini Pathak – Senior Product Manager, SunGard’s Trading Business The Securities and Exchange Commission recently passed the new “pay-to-play” rule under the Investment Advisers Act of 1940. With this new rule, the SEC aims to level the playing field: Investment advisers can no longer “pay to play” with governmental bodies that are involved in [...]
