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Dec 13, 2022

10 Considerations for Compelling Compliance Training

From role-based training to regulatory requirements, eLearning programs are developed to solve a variety of needs. Compliance programs in particular contain vital information for employees to ensure their understanding of key concepts as well as their role and responsibilities at the firm. Given the importance of this type of training and regulatory requirements, it’s imperative that employees are actively engaged. Here are ten recommended features and functionalities to optimize your compliance training.

Aug 30, 2022

Uncleared Margin Rules Phase 6: Final Preparations

Phase 6 of Uncleared Margin Rules is set to take effect within days, and we hosted an "SS&C Middle Office Series - UMR" podcast in which we discussed ways to confirm your readiness for compliance. The fast-approaching deadline doesn’t mean you can soon stop thinking about the changes, and it doesn’t mean you’re too late to take actions that will help your firm make the best decisions.

Aug 25, 2022

SS&C Deliver Conference – How Banks Stay Ahead of Change

It goes without saying that the banking space looks much different now than it did a few of years ago. As the industry continues to endure impacts from the COVID-19 pandemic and record high inflation, it has been increasingly more difficult for financial institutions to navigate through market changes and prepare for future industry impacts. Whether you’re a 2023 filer preparing for CECL compliance, looking to leverage CECL insights for other business purposes or preparing for ESG requirements that are surely coming down the pipe, new trends continue to evolve and influence the banking industry. How are you expected to keep up with all of this change, and where do you turn to learn about mitigating future impacts to your institution?  

Aug 1, 2022

Long-Duration Contracts Targeted Improvements and Impact for Insurers

In August 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-12, Financial Services—Insurance (Topic 944), often referred to as long-duration contracts targeted improvements (LDTI).

Jun 15, 2022

The Biden Administration’s Executive Order on Digital Assets

The starts and stops of digital asset regulation have started to congeal around an emerging scheme of regulation. The Biden Administration’s Executive Order on Ensuring Responsible Development of Digital Assets underscores this important development. The order calls for a broad review of digital assets and sets several objectives including consumer and investor protection, financial stability, mitigation of illicit finance and national security risks.

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.

Jan 14, 2022

SEC Rule 18f-4: Backtesting 101

The SEC Rule 18f-4 comes into effect August 2022, changing the regulatory framework for derivatives use by registered investment companies, including mutual funds, ETFs, and closed-end funds. One of the many requirements of the Rule is to conduct backtesting on those funds that require a VaR-based leverage limit.

Oct 26, 2021

Five trends driving compliance automation in wealth management

The use of intelligent automation in wealth management has been growing for a while now.

Originally seen as a way to enhance the client experience while also controlling staff growth, lower operating costs and reduce errors, many are starting to see the role automation plays in regulatory compliance as well.


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