Compliance

Enabling Enterprise-class Security in ReconArt

by Ivan Popov

Ivan Popov
As designers of a world-class enterprise system, ReconArt has always had significant focus on application security. We have purposefully integrated enterprise security best practices in the application to keep access and data secured, while simultaneously keeping configuration and management as simple as possible. To achieve this capability, our application implements several m...
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The FCA PS14/9 regulations: Coming, Ready or Not

by Tom Burke

Tom Burke
The United Kingdom’s Financial Conduct Authority (FCA) regulation PS14/9 related to custody assets and client money has a backstop for implementation of 1 June 2015. Compliance with the rules in the client assets sourcebook (CASS) has never been more important. There is now considerable ‘noise’ from the FCA given the short timescale for implementation, which is placing...
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Is Your Financial Reporting SEC Compliant?

by Carlos Salas

Carlos Salas
When you hear those letters, SEC, what comes to mind? To some it's the call sign of a superhero tasked with protecting the American people from fraud and keeping Wall Street accountable. To others it's a dreaded governmental bureaucracy creating endless paperwork and headaches. So although many of us are familiar with the SEC from news headlines, not everyone knows just what it...
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New FCA CASS Rules Require Robust Reconciliation Technology

by Tom Burke

Tom Burke
Far reaching new rules introduced by the United Kingdom’s Financial Conduct Authority (FCA) with respect to customers’ monies and assets have been encompassed under policy statement 14/9 (http://www.fca.org.uk/static/documents/policy-statements/ps14-09.pdf). These rules represent an extens...
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How to set up your EMIR OTC Derivatives Portfolio Reconciliation

by Joep Prein

Joep Prein
Risk Mitigation Techniques such as Portfolio Reconciliation for uncleared trades must be applied by firms as described in article 13 of the EMIR regulation. Depending your exact business this can be an easy exercise or a real burden. When you are a non-financial counterparty with 100 or less contracts you have to perform the portfolio reconciliation once a year, which sounds do...
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