Chartis Research has released their ALM Technology Systems 2021 report, providing an analysis of the market and vendor landscape for asset and liability management (ALM). SS&C Algorithmics Balance Sheet Risk Management solution is ranked as a leader in each of the four RiskTech Quadrants included in the report.
|
CECL adoption is in the rearview mirror for many SEC filers, but for others, it is still on the road ahead. As other financial institutions prepare to comply with CECL in 2023, there is much to be learned from those who have already adopted it. Likewise, those who adopted in 2020 still have plenty to learn from each other as they think about the path ahead and solidifying their CECL approach.
|
There is no shortage of capital in this world. Real interest rates remain at or close to 0%. Investors continue to struggle to find adequate yield in traditional fixed income investments. Consequently, we have witnessed a dramatic rise in the creation of, and investor interest in, private lending/private debt funds. Now more than ever, private debt funds and nonbank lenders need state of the art, innovative technology to support their private debt loan administration. According to a Preqin Quarterly update report on private credit dated Q3 2020, the number of private debt funds in the market has grown to a record high. As of October 2020, 521 vehicles were on the road seeking $295B in aggregate capital. Additionally, the number of funds in the market has grown consistently over the past five years and aggregate capital targeted has more than doubled since January 2015. (Preqin)
|
As regulators around the globe beef up their enforcement of best execution rules, wealth managers need to pay attention now more than ever. When trading assets, brokers are required to seek the best execution reasonably available to fill their customers' orders. Similarly, advisors need to prove that their client’s total costs (or proceeds) in each transaction are the most favorable under the prevailing market conditions. For wealth managers, meeting best execution mandates means having a systematic approach in place to report on these fiduciary responsibilities.
|
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.
|
Since March, a lot has been blamed on COVID-19 as it has impacted most aspects of society, politics, economics and business. However, there is also radical improvement underway as firms pivot how they operate to thrive in this new normal and beyond.
|
The COVID-19 pandemic has affected law firms in two key ways. First, they have faced a flurry of legal work arising directly from the pandemic or from fiscal measures to stimulate the economy (e.g., property tax “holidays”), on top of surges of activity that built up during lockdown. Property, employment, family, private client, commercial and corporate law are all experiencing some increase in activity—with personal injury litigation as the outlier, having experienced a reduction of activity while people are moving less and therefore having fewer accidents.
|
The American Institute of Certified Public Accountants (AICPA) held its National Conference on Banks & Savings Institutions virtually, on Sept. 14-16, 2020. SS&C Primatics was once again honored to be a Silver Sponsor and to have participated in the speaker series as subject matter experts on CECL. Respected industry thought leaders discussed the key areas of focus at this year’s conference, the current expected credit loss (CECL) model under ASC 326, Financial Instruments - Credit Losses, and the impact of the pandemic.
|