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AxiomSL launches regulatory education program for asset managers, broker-dealers

GRC Announcements | August 28, 2017

AxiomSL, a global provider of regulatory reporting, risk, and data management solutions, recently announced the launch of a program designed to assist asset management firms and broker-dealers clarify issues related to the shifting regulatory environment.

“In speaking with our clients, we found that asset management and broker-dealer firms are having a particularly challenging time navigating the opacity surrounding potential changes to the regulatory landscape,” AxiomSL Global CEO Alex Tsigutkin said in a statement. “Once we helped these firms become conversant with the ‘new normal,’ and ensured their compliance, we decided to make our intelligence readily available to all asset management firms and broker-dealers.”

Components of the content-driven program include the following:

“In the Know” briefs: Designed to bring firms current with the latest thinking on the regulatory arena, with a specific focus on regulations like the Dodd-Frank Act, the Financial CHOICE Act (yet to pass the Senate) and the SEC Modernization rules. The purpose of the briefs are to help firms understand what actions they should be taking now and what they should be thinking about for the future so they stay ahead of the changes while remaining compliant. New topics will be added and disseminated every two weeks via email and AxiomSL’s blog.

“Explainer” series: Regulatory terms are clarified and written in easy-to-understand and jargon in plain English, highlighting what asset managers and broker-dealers need to know in order to remain compliant. Key dates by which firms need to be compliant will also be included.

COO Supper Club: Provides an opportunity for senior executives at asset management firms and broker-dealers, who have oversight for regulatory compliance, to listen to a guest speaker who will provide additional clarification on the opacity surrounding financial regulation, as well as an opportunity to discuss best practices among themselves.

New chairmen have been appointed to the SEC and CFTC, and they have recently disclosed their agendas for their five-year terms. Concludes Bruce Runciman, executive director at AxiomSL: “Financial entities should expect a review and possible revision of every rule enacted by the prior administration, an increase in targeted enforcement, and enhanced coordination of regulatory agencies in the pursuit of common regulatory mandates, including cyber-crime, money laundering, bid-rigging and insider trading.”