Whitepaper | Cordium Regulatory Summit San Francisco

Feb 28, 2018

Our Regulatory Summit in San Francisco focused on the key themes and challenges for compliance teams to address in 2018 (and beyond). Our latest whitepaper is based on discussions from the attendees and speakers at the summit.

Here are some key highlights:

  • SEC exams – Firms are still coming to terms with the possibility of dramatic change from the SEC under its new leadership. The SEC’s 2018 exam priorities are essentially the same as last year. However, firms should not sit on their heels and, instead, should constantly test their compliance process to ensure it is as finely tuned as possible.
  • Data Sources – Firms need to make sure their compliance approach is thorough when using either alt data or material non-public information (MNPI) when making investment decisions. Compliance teams using data as the basis of an investment, should verify that their organization has a process in place to properly obtain and use the data, while ensuring each step is well-monitored and documented.
  • Cryptocurrencies – Interest in investing in cryptocurrencies continues to grow and while they possess exciting possibilities for the future, along with the blockchain technologies associated with them, it may be too soon for firms to be directly involved. For the firms that get involved, they need to ensure that cryptocurrency transactions meet the same standards as more traditional investments.
  • Cyber threats – Regulators are well aware of the potential systemic risks posed by a coordinated cyberattack, and want firms to raise their game in managing and mitigating cyber risk. A firm’s policies and procedures in this area should be actively communicated to employees and compliance teams and be able to demonstrate its effectiveness.

Click here to download our whitepaper for a summary of the Summit.