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May 20, 2022

DeFi Compliance: The Future is Now!

Crypto went from obscurity to mainstream, encompassing traditional ones such as Bitcoin and Ethereum, to an expanded regulatory ecosystem of stablecoins, such as Tether and digital currencies, in which regulators globally are putting in place a regulatory structure—albeit not as fast, coherently, and innovation-friendly as some market participants would like. The much-entrenched crypto skepticism has yielded to crypto acceptance, whether from FOMO, greed, or YOLO; the reality is that cryptos—in one form (hopefully comprehensively regulated) or another—appear to be a growing asset class in the financial-investing ecosystem. That is the easy part; now begins the journey of navigating the thicket of regulations and regulatory actions that will surely follow from a variety of regulators.

May 11, 2022

The Foundations of Good ESG Governance and Policy

Momentum behind ESG investing continues to grow. Firms who develop a solid approach to incorporating ESG policies at both the firm and the fund level will have a competitive advantage over their peers.

May 4, 2022

IRS Requires Further Reporting Transparency: Schedules K-2 and K-3

The IRS has now added two new schedules for pass-through entity tax returns, better known as Schedules K-2 and K3. The reason for these new forms is to accommodate the complex 2017 Tax Cuts and Jobs Act (TCJA) and provide consistency in reporting to partners and shareholders. The new schedules impact most partnerships and S corporations, beginning with the 2021 filing season.

Apr 22, 2022

The ECB & Trade Flows: The Road to Hell is Paved With Good Intentions

Those of us who have followed the regulatory approach to internal models over the years have witnessed a remarkable evolution from its infancy, when it was very principles-based, to the current state, where it has become much more rules-driven; an evolution that has moved the focus from “modeling” into “compliance.”

Apr 19, 2022

Anticipating Investors’ ESG Needs

Fully integrating a robust ESG approach can be a steep learning curve. As interest in ESG increases, both regulatory pressure and investor expectations can change quickly.

Fund managers would do well to be prepared and get ahead of these needs.

Apr 14, 2022

Reporting and Monitoring for ESG

In a recent ESG webinar with three subject matter experts, we posed the following question: “How are managers monitoring their ESG risks and opportunities and how are they reporting this to the investors?”

Apr 6, 2022

Changes to Schedules K-2 and K-3 for the 2021 Tax Filing Season

The IRS has added two new schedules for pass-through entity tax returns, better known as Schedules K-2 and K-3. The new forms are meant to provide consistency in reporting to partners and shareholders items of international relevance. The changes in reporting requirements should reduce the number of inquiries to the IRS that may arise from inconsistent reporting. The new schedules will impact partnerships and S corporations, which will be required to use the new forms beginning with the 2021 filing season.

Mar 15, 2022

ESG Frameworks: An Overview

The growing ESG investing movement has given rise to several independent, non-profit organizations that strive to set standard practices. The efforts of these organizations have shaped the landscape of current ESG reporting and will continue to have a material impact on the future.


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