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Apr 7, 2021

Business 101: know who your client is

Put any letter before “BOR,” and you land on the latest revolutionary functionality that every asset manager needs… or so it can seem.  

While you might take issue with our industry’s love of acronyms, the rise of the Accounting Book of Record (ABOR) and Investment Book of Record (IBOR)—and now the Client Book of Record (CBOR)—is not a marketing fad. Instead, they reflect the potential value of data in a digital world and show an industry that is finding ways to realize that value.

Mar 2, 2021

Outsourcing for banks improves compliance with regulations

We’ve previously discussed how outsourcing a one-off project or business event can allow organizations to minimize the strain on internal resources during a planned or unexpected event. One group that can benefit from this trend includes banks and credit unions. Many of these organizations may not realize that there are outsourcing solutions specifically tailored to their regulatory compliance needs.

Feb 11, 2021

Innovation – Providing certainty in an uncertain world

We have written extensively about the importance of asset managers’ ability to provide products that are unique and differentiated. This is likely to be especially true as we begin 2021, a year that will probably continue to be characterized by a high degree of uncertainty, which may weigh heavily on investors and their advisors. 

Feb 8, 2021

CP86 compliance following CBI’s regulatory review

CP86 compliance of Irish fund management companies (ManCos) and self-managed investment companies (SMICs) has evolved considerably since 2014. In 2020, the Central Bank of Ireland (CBI) conducted a review of Irish fund management companies (FMCs) in 2020, which found that many firms are falling short of implementing the necessary framework for governance, management and oversight to meet CP86 compliance. The review provides clarity as to the regulator’s intentions.

Feb 3, 2021

Bringing alternative strategies to the mass affluent market

The events of 2020 were the toughest test all investment classes have faced since the 2008 financial crisis, and interval funds were no exception. Many funds experienced outflows far higher than normal and were compelled to pro-rate investor redemptions to lower percentages than demanded.

Jan 26, 2021

Expect the unexpected in 2021, including unanticipated business events

During the course of the year, a firm will undoubtedly encounter unique situations or unanticipated business events, further straining resources and bandwidth. Given today’s rapidly changing times, it’s inevitable.

Dec 15, 2020

Key considerations for evaluating shadow services options

How does an alternative manager benefit from shadow services? Shadow accounting is when a manager directs or performs in-house accounting books and records to reconcile or shadow the books and records maintained by a third-party administrator. A manager performs these tasks for a variety of reasons—they may be required to by fund documents, or they want control and fast access to investment results, or they believe that they have a higher level of expertise in the strategies behind their business than the record keepers.

Dec 7, 2020

Understanding and adhering to Un-cleared Margin Rules (UMR)

Is your firm in scope for UMR? SS&C’s whitepaper, OTC Derivatives Workflow for Un-cleared Margin Rules in the EU and US, provides a simple flow chart to help you determine whether your firm is in scope, and for which phase.

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