Compliance & Risk Management

Latest Headlines

Latest Headlines

Bloomberg Entity Exchange aims to speed counterparty onboarding

Bloomberg has launched Entity Exchange, a web-based platform intended to help buy-side firms speed onboarding with trading counterparties. The platform streamlines the onboarding process by serving as a centralized repository through which hedge funds can store, manage and securely share data with brokers and other counterparties.

Regulation Crowdfunding offers more savings, more marketing restriction

Similar to Regulation A+ launched last year, the new Regulation Crowdfunding, or Regulation CF, aims to give entrepreneurs and small businesses a new alternative for raising funds. While both rules open the gates to equity crowdfunding, issuers are beginning to learn that fine points between the rules not only dictate the parameters of how much can be raised, but may also affect fundraising strategy.

First Regulation Crowdfunding filing was filled out using automation software

On Monday, Regulation Crowdfunding, also known as Regulation CF under Title III of the JOBS Act, went into effect, giving entrepreneurs and small businesses a new avenue for raising money from non-accredited investors. Fittingly for a rule that seeks to reduce barriers to funding, one entrepreneur who filed the required Form C under the new law on Monday completed the form using automated software.

Financial services compliance survey finds gaps in supervising communications channels

A new survey of financial services compliance personnel found growing concern about the ability of firms to manage the growing "compliance perimeter" posed by new communications channels. In total, less than half of survey respondents said that they were "mostly" or "completely" confident that their firm's current communications supervision program would effectively identify risks.

SEC's reporting modernization spreads systemic risk reporting to thousands more funds

It might seem that the investment management industry is an old hand at managing systemic risk regulation. The Securities and Exchange Commission's sweeping Investment Company Reporting Modernization Rules, however, will extend risk reporting regulations faced by parts of the fund industry to a much wider swath of the market.

As marketplace lending seeks more respect, LendingClub stumbles

One month ago, LendingClub, Prosper and Funding Circle  joined forces  to create the Marketplace Lending Association, a trade association aimed at promoting responsible business practices. On Monday, LendingClub announced that Renaud Laplanche, its CEO and founder – and the most visible face of the marketplace lending industry – was fired due to questionable lending practices.

TeraExchange files antitrust suit against dealers for conspiring to boycott SEFs

TeraExchange, one of the early swaps execution facilities created to accommodate post-financial crisis rules allowing electronic trading in the historically voice-traded swaps market, is filing an anti-trust complaint against a dozen large interest rate swap (IRS) dealers. The complaint alleges that the dealers conspired to boycott SEFs and prevent buy-side firms from using them in order to retain their profitable roles in the IRS market.

Funding Circle, Lending Club and Prosper band together to set marketplace lending standards

The move by three of the largest marketplace lenders comes as regulators have begun to weigh whether fintech companies that compete to offer financial services should be regulated.

UBS expands outsourced chief investment officer program

UBS Wealth Management Americas and UBS Asset Management have launched a new outsourced chief investment officer program targeting clients with $10 million to $250 million in assets. The new program will enable UBS to offer services to a wider array of potential clients in the crowded OCIO market.

Regulators weigh how to define responsible fintech innovation

The Office of the Comptroller of the Currency will reportedly release a white paper on Thursday to begin exploring whether non-bank fintech companies should adhere to guidelines related to financial innovation.