After more than a decade of policy debates, yesterday was a red-letter day for the US asset management and broker-dealer industries. The US Securities and Exchange Commission (SEC) voted 3-1 to approve Regulation Best Interest, a set of rules aimed … Continue reading SEC Votes in Favor of Regulation Best Interest But Will This Be Their Final Answer?
“Why a four-year-old child could understand this report. Run out and find me a four-year-old child, I can’t make head or tail out of it.” Rufus T. Firefly “Duck Soup” No United States of Digital Assets It is at this … Continue reading Duck Soup: The SEC Recipe for Regulating Digital Assets
More than a year ago, we explored challenges that asset managers were facing as they worked to implement the SEC’s Liquidity Rule. Now, 13 months later, many of those challenges still exist. With major compliance dates around the corner, here’s … Continue reading The SEC Liquidity Rule – Challenges Continue as Implementation Looms
Since 2014, Precidian Investments has sought Securities and Exchange Commission (SEC) approval for a new kind of active exchange-traded fund (ETF) that does not disclose its daily holdings. No longer. On April 8, the SEC gave Precidian Investments contingent approval … Continue reading SEC, Precidian Pave the Way for Non-transparent, Active ETFs
When it comes to cybersecurity, one weak link makes the whole chain vulnerable. To combat an increasing threat, global regulators are bolstering global cybersecurity initiatives. But regulations alone aren’t enough. Here we look at what global asset managers can do … Continue reading SEC’s Cybersecurity Agenda Is a Call to Action for Asset Managers
The increasing applications of artificial intelligence and machine learning in financial services – from robo advisory platforms to algorithmic stock trading to risk modelling – is disrupting decades old processes. As the industry embraces AI-led innovation, can regulators keep up? And more importantly, how might technology solve some of their biggest challenges? Continue reading Ghost in the Machine: Financial Regulators Keep an Eye on AI