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Podcast: Coping with new liquidity risk rules for investment firms

Joe Mont | May 30, 2018

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In this edition of the Compliance Week podcast, we chat with Jeanette Turner, chief Regulatory Officer at Compliance Solutions Strategies, a global RegTech platform that serves compliance professionals across the financial services industry.

We discuss forthcoming requirements included in the Securities and Exchange Commission’s Reporting Modernization and Liquidity Risk Management rule, a slate of new disclosure requirements intended to modernize and improve reporting by investment companies.

The cost and complexity of complying with the SEC is already causing consternation among investment firms. There is also the potentially bigger issue of the safety of their data, specifically, that a Commission data breach could expose proprietary algorithms and trading strategies. 

A key question: Is the data of covered entities safe? What assurances do they have that their information won't be compromised? Also, most funds are accustomed to keeping their data private; but under the SEC rule, every quarter, company filings will be made public. What hazards or concerns does this raise? 

16 minutes, 18 MB

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