How confident is your team of trade-ex cost

accuracy when paying a vendor invoice?

Do internal expense distributions accurately

refl ect the true costs association with a

division’s line of business

In today’s landscape of digital banking,

automated trade execution driven by complex

computer processes is increasingly common.

While this fundamental shift is attractive for

its objective mathematics and lightning-fast

response times, the corresponding increase in

trade volume creates a headache for auditors

and expense managers alike.

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Lynn Strongin Dodds talks to Ted Myerson, senior vice president,
Access Services and FTEN for NASDAQ OMX’s Transaction Services
business about the European clearing landscape

Why fund managers need technology solutions

John Bosley, chief operating officer of Bonaire Software Solutions explains why fund managers need to step up to the technological plate.

Across Europe, regulatory change has spawned several new legislative initiatives designed to bring transparency to the industry. As part of this evolution, fund managers, fund administrators and asset management firms face new requirements to demonstrate fee transparency across the supply chain because of mandates such as Retail Distribution Review (RDR), Packaged Retail Investment Products (PRIP) and Key Investor Information Document (KIID). As a result, companies must calculate fees, fund rebates, and retrocessions in an accurate, timely and transparent fashion.

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By Nick Matthews, Member, and Matt Haddow, Consultant at Kinetic Partners

After months of uncertainty, the Internal Revenue Service (IRS) and US Treasury have recently released proposed regulations for the implementation of the Foreign Account Tax Compliance Act (FATCA), which provide some clarification on how the Act will be implemented. The amendments will no doubt relieve some of the administrative demands currently facing firms around the world affected by the Act. In addition, they may soften the necessary procedural changes required in institutions, a fact which has received a guarded welcome by the industry. Nonetheless, significant work lies ahead to implement an Act which will benefit few outside the US.