|
 |
|
| Regulatory Compliance Reporting |
|
| |
Regulatory Compliance Reporting
Challenges
- Stringent regulatory requirements leading to high penalties and low compliance rankings
- Lack of MI to identify root cause of penalties charged by regulators; identify and monitor various operational risks
Solution
- Providing late trade booking and TMPG reporting support to 2 of FED 16 Banks
- Identifying trades breaching regulatory threshold limit and liaising with salesperson / trader for reasons
- Generating MI for top salesperson / trader and causes of late trade booking
- Reconciling all fail penalties from various CPs to parent entity
- Netting penalty cash flows with CPs as per inputs provided by settlements team
- Prioritizing cash fails across all desks based on notional and ageing, and mapping miscellaneous fails to salespeople
- Identifying all unallocated cash trades and highlighting trades unallocated on or post settlement date
Benefits
- Weekly reports to facilitate early root cause analysis
- Netting of penalty cash flows to be paid and received from counterparty reducing required transactions
- Deep understanding of FINRA and TMPG regulatory requirements
|
|
| |
|
|
|
|
|
|
