Capital Markets Advisors

April 24, 2012: “The FSOC will ask for how non-exchange traded securities are valued, which includes the pricing models and inputs as well as an audit trail proving the source of the data. Knowing that the data is accurate will also go a long way to proving that any risk metrics you have offered are valid before you come up with the remediation. Among the other likely types of data… Read More »

August 16th, 2013 With the recent passage of the US Foreign Account Tax Compliance Act (FATCA), banks are facing looming KYC process deadlines. By July 1st 2014, all financial institutions needs to have onboarding procedures for commercial and institutional clients that are FATCA-compliant. There are deadlines for existing clients that have also been extended to 2014 and 2015.

August 12th, 2013 On August 1st, new anti-money laundering (AML) measures were introduced under the Transparency and Law Enforcement Assistance Act, and it would force US states to identify individuals behind corporations formed under state law. There has been great debate over whether or not these measures are necessary, but recently FINRA has fined Oppenheimer and Co. for unregistered penny stock sale and AML violations.

August 2nd, 2013 Tuesday, July 30th, SEC and CFTC officials testify on whether or not Dodd Frank Reform is moving too slowly in front of the Senate Banking, Housing and Urban Affair Committee. Opinions have been fairly split on the pace of Dodd Frank reform; certain regulators want a stricter deadline while many firms have complained that they don’t have the ability to comply with regulations in the allotted time… Read More »

July 5th, 2013 We all know that the Dodd-Frank Act has imposed various restrictions on financial institutions since it’s passage in 2010. Today a myriad of bills have been created to fight back and impede the SEC from establishing regulations on said financial institutions. The most notable of these bills, the Retail Investor Protection Act, is from Congresswoman Ann Wagner; her bill would require the SEC to identify specific harm… Read More »

June 28th, 2013 With the recent regulatory reforms, deadlines encroach upon many buy-side firms – deadlines that could turn into extravagant costs. As we saw with the June 10th deadline, buy-side firms and “Category 2 Entities” were scrambling. May 15th was the absolute deadline for picking a Futures Commission Merchant (FCM), which then only gave buy-side firms one month to complete legal documents, open accounts and do testing before the… Read More »

November 5th, 2012 From September 9-11, CMA Partner Michael Hartig spoke at the International Securities Association for Institutional Trade Communication (“ISITC”) conference in Washington, DC making a presentation about “Preparing for New Regulation”. 

September 17th, 2012 Perhaps the Lehman bankruptcy 4 years ago this past weekend spurred that now we’re seeing in federal statute the mandate for FDIC resolution and perhaps supervision authority over nonbanking units and organizational structures which also are intertwined with insured depository institutions.

September 12th, 2012 Rather than its old “scorekeeper” mentality, evolving from that by choosing Finance Transformation, the CFO redefines finance to a service oriented partner to the enterprise and its businesses providing value-added services. Legacy Finance Systems Transformation ultimately unlocks value, improves shareholder value and creates a competitive advantage.

September 12th, 2012 What is the “Regulatory Framework” and what purpose does it serve? US Congress or State legislatures pass legislation, ie laws that provide the legal framework for commerce, although neither write the regulation that guide conduct of participants in US and state commerce. At the Federal level, Congress established and deemed the every day rule-making and oversight by way of these rules to regulatory bodies and the people… Read More »