Financial Times feature | A fresh take needed for risky funds

Financial Times feature | A fresh take needed for risky funds

In this Financial Times feature, A fresh take needed for risky funds, Bob Pozen, senior lecturer at the Harvard Business School, and Theresa Hamacher, President, NICSA, take a look at the regulation complexities within today's investment management world and the impact consumer demand has on the industry.

Coping with the recent regulations | Tips and checklists

Coping with the recent regulations | Tips and checklists
Hot topics abound on the regulatory side, including proposed rule changes and enforcement actions. How can fund companies prepare? Speaking at the NICSA Annual Conference in February about “Regulatory Hot Topics,” panelists from Cipperman & Associates, Reed Smith, and Fidelity Investments shared the following thoughts and tips: Proposed MMF reforms are solutions in search of a problem: If you drive up costs and reduce yields, the money can and will go elsewhere.

Preparing for the next black swan

Preparing for the next black swan
“Black swan events are rare – but they’re not impossible to predict and plan for.” That was the message from 4 experts on enterprise risk management speaking at the “Building Risk Processes” session during the recent NICSA Annual Conference & Expo.

What, me worry about FATCA?

What, me worry about FATCA?
It’s not immediately clear why the Foreign Account Tax Compliance Act is such a big deal for mutual fund managers. U.S. mutual funds don’t have many foreign financial institutions as shareholders, which means that they simply don’t have a lot of exposure to the offshore tax evasion that FATCA is designed to prevent.

SEC focusing on sub-transfer agent and service fees | Current examination priorities

SEC focusing on sub-transfer agent and service fees | Current examination priorities
Speaking last week in San Francisco at the NICSA West Coast Regional Meeting, Matthew O’Toole, Senior Special Counsel for the SEC’s Office of Regulation, discussed his view of the SEC’s current examination priorities.

Preparing for new regulations | A primer

Preparing for new regulations | A primer
How can you prepare your organization for new regulations that you know are coming, but haven’t been finalized yet? Speaking at the NICSA General Membership Meeting in October about “Compliance Hot Topics,” panelists from Citi Fund Services, Fidelity Investments, the Investment Company Institute, K & L Gates, PwC, and Wilkie, Farr & Gallagher gave the following tips: Know your regulator!

Pozen and Hamacher on social media regulation | Washington Post

Pozen and Hamacher on social media regulation | Washington Post
Bob Pozen and Theresa Hamacher of NICSA discuss social media use in the fund industry in today’s Washington Post. They argue that regulatory interpretations should be modified to accommodate the unique features of the new media and encourage communication.

Managing operational risk | From the archives

Managing operational risk | From the archives
While updating the NICSA website, I came across the white paper on Assessing and Mitigating Operational Risk in a Changing Environment which was published by the NICSA Compliance and Risk Management Committee in April 2009.

Making audits disappear | Effective use of internal control repositories

Making audits disappear | Effective use of internal control repositories
Compliance professionals are working hard to change their image – by finding ways to streamline the reporting required from business units. Their secret weapon: the internal control repository, which enables them to coordinate compliance efforts and eliminate audit duplication.

5 ways hedge funds are looking more like mutual funds | The great convergence in operations

5 ways hedge funds are looking more like mutual funds | The great convergence in operations
  Hedge funds and mutual funds are looking more and more alike — a trend I’ve dubbed “the great convergence.” Mutual funds are adopting alternative investment approaches while hedge funds are being subjected to a higher level of regulation.

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