Driven by parent company objectives for cost containment, global asset management, and enterprise security as part of a global infrastructure shared services initiative, our Client, a large property and casualty insurer, wanted to consolidate their nine data centers into two to reduce the overall data center footprint, retire toxic legacy<span. . .
Our Client, the Treasury Cash Management and Control team of one of the largest health insurers in the country, is responsible for daily management of operating bank account balances, funding of disbursement accounts, and timely communication of excess or deficit balances to Investment Operations.
Held on December 5th, this was a very well-attended conference of industry participants and regulators. The key note speaker, Kevin Mahn, Chief Investment Officer for Hennion and Walsh Asset Management, presented the potential impacts on investment management returns of recent global political invents (e.g., US Presidential Election, Italian Referendum rejection,<span. . .
Beginning in 2009, the Department of Labor undertook a multi-year regulatory project to address the problems with conflicts of interest in investment advice, balancing the need to better protect retirement savings while minimizing disruptions to the many good practices and good advice that the industry provides.
In response to the increasingly automated nature of securities markets and trading activity being widely dispersed across many trading centers, the SEC in 2010 proposed a rule that would require the stock exchanges and national securities associations (SROs) to develop a consolidated audit trail (CAT).
The SEC has now issued new and updated existing rules due to their perception of the robust nature of business continuity plans at some firms, especially as they pertain to the use of 3rd party vendors to perform market critical functions. IM firms need to quickly assess the impact<span. . .