GRC INSIGHTS
Stay on top of regulatory changes with risk and compliance news from Cordium's insights and articles.
Is your robo-advisor GRC ready?
The rise of the robo-advisor for quantitative strategy investing seems inevitable. Seen as an efficient and lower-cost alternative to traditional advisers, it’s hardly surprising that many asset...
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Frequently Asked Questions: Cryptocurrency Regulation in the U.S.
The number of hedge funds investing in cryptocurrencies is soaring, which means regulators are taking notice. The Securities and Exchange Commission (SEC), Financial Industry Regulatory...
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Five key steps to compliance with the SFC’s Fund Manager Code of Conduct
Investment management firms with operations in Hong Kong must turn its attention to the new Securities & Futures Commission (SFC) Fund Manager Code of Conduct (FMCC), which comes into force...
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MiFID II hits six-month milestone: Time to prepare for regulatory scrutiny
MiFID II has reached its six-month milestone. After gruelling and expensive implementation projects, many firms may have hoped to draw a line under the regulation roll-out. But the effects of...
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New Patterns Appearing in SEC Exams
When sworn in as Chairman on May 2017, Jay Clayton was expected by many to usher in a period of significant adjustment at the Securities and Exchange Commission (SEC), particularly around exams...
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RegTech: Five Key Processes to Drive Efficiency
Compliance professionals face an ever-greater range of obligations. While regulators do not deliberately go out of their way to devise “tick-box” regulations, the reality is that the raft of new...
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SEC strengthens its focus on Form PF – 13 firms fined
The US Securities and Exchange Commission (SEC) is ramping up enforcement activity around Form PF – a periodic filing that contains a great deal of investment and risk exposure data which the...
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FCA to carry out review on MiFID II research arrangements
The FCA revealed at its recent Asset Management Conference that it will be undertaking a 'diagnostic' review of research and inducements at a range of organisations. With more than $1bn being...
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SM&CR paves the way for increased individual responsibility – A Q&A with Paul Henshaw
In its 2018-19 business plan, the FCA make it one of its cross-sector priorities to finalise the rules and extend the Senior Managers & Certification Regime to all FCA-authorised firms. The...
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FCA’s ‘Dear CEO’ letter issues guidance on cryptocurrency risk
Earlier this week, the FCA issued a ‘Dear CEO’ letter outlining its views and practical guidance on how firms should handle the financial crime risks posed by cryptoassets, such as...
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The RegTech Imperative: Addressing the Rising Cost of Non-Compliance
Compliance technology has clearly grown in prominence in recent years and the reason for that is simple. Not only has the industry’s regulatory framework become more complex and difficult to...
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MiFID II: Five Months On – a Q&A with Matthew Chapman
MiFID II may have gone live five months ago, but the effects of the European Union’s long-anticipated directive are still being felt by financial firms. In its recent business plan for 2018/19,...
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New prudential regime for investment firms – how are MiFID managers impacted?
The prudential framework is a new rule book developed by the European Commission (EC) for investment firms. It is designed to be simpler and more proportionate to a firm’s operations. But with...
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Beyond GDPR Implementation Day – 3 Important Compliance Goals
Financial services firms around the world have been working hard to hit today’s compliance deadline for the General Data Protection Regulation (GDPR). For many investment management firms, there...
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AML – More focus in 2018 for the FCA and firms
The UK’s regulatory approach to anti-money laundering (AML) has been under fierce criticism over the past six months. A report by Transparency International released in November 2017, claimed...
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US Turns Up AML Compliance Heat on RIAs, Broker-Dealers and Others
On May 11, 2018, broker-dealers and other financial institutions currently covered by the US Anti-Money Laundering (AML) regime will need to become compliant with FinCEN’s new customer due...
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Impact of New EU Rules on Fund Managers
EuVECA, EuSEF and PRIIPs May Give Birth to More KIDs Last month saw changes introduced to the European Venture Capital (EuVECA) and European Social Enterprise Fund (EuSEF) Regulations - designed...
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GDPR Benchmark Report: A view from the financial markets
More than 50% of investment firms globally are unlikely to be ready for the May 25, 2018 General Data Protection Regulation (GDPR) deadline according to the findings from a survey Cordium...
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