Missed Our MiFID II Webinar? Watch the Recording Now!

Last Thursday, June 8th, IMP's Jane Stabile and Jon Gold joined Yanay Lehavi of PIMCO as well as the National Society of Compliance Professionals (NSCP) for a live webinar event to discuss the effects of MiFID II on buy-side asset managers.

If you missed the webinar, no need to fret! NSCP has made a recording of the entire presentation and Q&A session available on their website. Click below to get caught up on MiFID II.

Q&A: MiFID II: Client information reporting critical for U.S. managers

IMP's Jane Stabile and Jon Gold was interviewed for a Q&A about the impact of MiFID II on US asset managers. Read an excerpt:

Danielle Kane (DK): How is the EU’s Markets in Financial Instruments Directive, known as MiFID II, relevant to U.S. investment managers?

Jane Stabile, president (JS): The law applies differently based on what you do. For example, if you’re a manager and have clients that you’re trading for that reside in the EU, then all of those accounts are subject to MiFID II whether they are funds or separately managed accounts.

Other examples include if you’re an EU subsidiary, if you’re marketing cross-border products to European clients, or if you’re providing sub-advisory services even with no physical presence in Europe.

Jon Gold, managing director (JG): Even if you’re a U.S. firm trading for U.S. clients and using an EU exchange, that venue is going to ask questions about your U.S. clients because they are going to have to report that. So even if there’s no applicability to you as a U.S. firm, you will still have to provide this type of information to trade on those venues.

Click here to read the full article (subscription required)

New Regulations to Sap 5% from Manager Revenues: Study (FundFire)

IMP's Jon Gold was quoted in a FundFire article about the impact of MiFID II on US asset managers. Read an excerpt from the article:

"I think the best way to characterize [U.S. managers’ response] has been denial, and for quite some time. Denial on two bases – firstly that this is European and will not affect us, and secondly that European regulators will keep kicking the can down the road," he says. The Jan. 3, 2018 implementation date was initially set for a year prior, but delayed due to a lack of preparation.

"Right now you don’t really know what component of your commissions are going to fund research. If you’re going to claim best execution, that component of your trading costs and execution costs will have to be exposed to sunlight," Gold says.

Click here to read the full article (subscription required)

IMP Consulting to Address MiFID II Impact on US Buy Side Asset Managers During National Society of Compliance Professionals (NSCP) Hosted Webinar

IMP Consulting to Address MiFID II Impact on US Buy Side Asset Managers During National Society of Compliance Professionals (NSCP) Hosted Webinar

Yanay Lehavi, EVP at PIMCO, to join interactive discussion on what buy side firms will need to do to prepare for MiFID II regulations

IMP Consulting today announced an educational webinar on MiFID II regulation, titled, “MiFID II – US Asset Managers Brace for Impact.” The webinar, featuring Jane Stabile, President of IMP Consulting; Jon Gold, Managing Director of IMP Consulting; and Yanay Lehavi, EVP at PIMCO, will take place on Thursday, June 8, 2017 at 2:00 p.m. ET. The webinar will include a presentation followed by a question-and-answer session.

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Webinar: MiFID II – US Asset Managers Brace for Impact

Webinar: MiFID II – US Asset Managers Brace for Impact

Join Jane Stabile, President of IMP Consulting, and Yanay Lehavi, EVP, at Pacific Investment Management Company (PIMCO), on June 8th at 2pm ET for an interactive discussion on what buy-side firms will need to do to prepare for MiFID II regulations.
 
This webinar is suited for operations, traders and compliance professionals who are looking for a high-level overview of the key trading requirements, expected impact on order flows, and the implications for US Asset Managers.

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IMP Consulting Redefines the Process for Reconciling OMS Compliance Rule Libraries

IMP Consulting Redefines the Process for Reconciling OMS Compliance Rule Libraries

CLEAR™ Recon replaces a manual reconciliation process and mitigates the risk of human error for investment management firms

BOSTON MA, May 15, 2017 (GLOBAL NEWSWIRE) -- IMP Consulting, a leader in OMS implementation and compliance solutions for the asset management industry, today announced the release of CLEAR Recon as the latest addition to its growing compliance practice.

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Managers Rush to Replace Critical Fixed Income System (FundFire)

Managers Rush to Replace Critical Fixed Income System (FundFire)

Another potential chink in managers’ armor is how the data inputs and outputs related to POINT will operate under a replacement system.

"The problem at issue is when you take out POINT and plug in PORT it’s not that easy – you have all these downsteam systems that will be impacted and you have to do the proper analysis," says Valerie Villegas-Hoag, business analyst for IMP Consulting, a firm working with managers on the issue. "I think that should be a consideration in choosing the appropriate vendor alongside the functionality."

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IMP Consulting's CLEAR™ selected as a nominee for FTF News Best Compliance Solution award

IMP Consulting's CLEAR™ selected as a nominee for FTF News Best Compliance Solution award

IMP Consulting is excited to announce that CLEAR™ has made the shortlist of nominees for Best Compliance Solution as part of the 7th Annual FTF News Technology Innovation Awards.

Voting opens on March 1st. We value your support and appreciate your vote!

View the full list of award nominees here.

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Trade OMS Crossroad: Which way to turn?

Featured in Fund Operations

Ashu Sharma, Senior Manager at IMP Consulting, shares practical advice that every small to mid-sized Asset Manager should know in order to scale their OMS for the next 10 years.

In today’s markets, many asset managers are realizing substantial growth for the first time in over a decade. In turn, they now face a decision on the direction that they should turn for a long-term cost-effective Trade Order Management (OMS) solution. Among Application Service Provider (ASP), SaaS (Software-As-A-Service), and traditional...

To read more of Trade OMS Crossroad: Which way to turn? Click Here. (Subscription required)

Will Canadian Investment Advisors Survive the Changing Regulations?

Featured in NSCP Currents

Ashu Sharma, Senior Manager at IMP Consulting, offers his view on how technology solutions are coming to the rescue of IAs after significant changes in Canadian regulation.

To read Will Canadian Investment Advisors Survive the Changing Regulations? Click Here.

To read the November issue of NSCP Currents, please visit the NSCP website (membership required).

IMP Consulting Closes Loop Between Front Office and Compliance With the Release of CLEAR 360 and CLEAR On-Demand

IMP Consulting Closes Loop Between Front Office and Compliance With the Release of CLEAR 360 and CLEAR On-Demand

BOSTON, Mass. (July 20, 2016) - IMP Consulting, a leader in OMS implementation and compliance solutions for the asset management industry, today announced the release of CLEAR 360 and CLEAR On-Demand as the latest additions to its growing Compliance Library Enhancement and Audit Review (CLEAR™) consulting service.

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Now Streaming: Trade Compliance Through the Lifecycle of a Trade

Thank you to all who attended the webinar “Trade Compliance Through The Lifecycle of a Trade Building an Environment of Trust Between Portfolio Managers & Compliance”, sponsored by IMP Consulting, FrontLine Compliance, and NSCP.

For those of you who were unable to attend the webinar, following is the recording link to the webinar. A PDF of the PowerPoint presentation is available on our Case Studies & Documents page.

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IMP Consulting, FrontLine Compliance and the National Society of Compliance Professionals (NSCP) to Co-Host an Educational Webinar: Trade Compliance Through the Lifecycle of a Trade

BOSTON, MA – June 2, 2016 – IMP Consulting today announced an educational webinar on compliance best practices titled, “Trade Compliance Through The Lifecycle of a Trade: Building an Environment of Trust Between Portfolio Managers & Compliance.” The webinar, co-hosted by FrontLine Compliance and introduced by the National Society of Compliance Professionals (NSCP), will take place on Tuesday, June 7, 2016 at 2:00 p.m. ET and will include a presentation followed by a question-and-answer session. 

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SEC Targets Complex Asset Mgmt Products in Buildout

Gigi Szekely, IMP Managing Director of Compliance, was quoted in the FundFire article: SEC Targets Complex Asset Mgmt Products in Buildout. Excerpt below:

This greater focus on asset management firms will lead to more examinations managers should be ready for, says Gigi Szeleky, managing director of compliance consultant IMP Consulting. This includes appropriate oversight of third-party compliance operations the SEC has indicated it will focus on in the future.

"If they outsource compliance due to the lack of internal resources, they need to ensure they have the appropriate oversight and due diligence in place for those external resources," she says.

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IMP Consulting Launches Newly Redesigned Website

BOSTON, Mass., April 18, 2016 – IMP Consulting, a leader in OMS implementation and compliance solutions for the asset management industry, today announced the launch of its newly redesigned website at http://www.impconsults.com. The website was designed with user-experience at the top of mind so that current and prospective clients can easily find information on IMP’s complete range of solutions for investment management firms. 

Key features of the site include a simplified design and navigation, enhanced content, and compatibility across desktop browsers and mobile devices. Visitors to the site also benefit from rich content developed by IMP’s subject matter experts across the areas of implementation, compliance, system selection, managed service providers and more.  

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SEC Pushes for Greater Asset Manager Exam Coverage

Gigi Szekely, IMP's Managing Director of Compliance, was quoted in the Fundfire article: SEC Pushes for Greater Asset Manager Exam Coverage. Excerpt below:

Firms that have not yet undergone an SEC exam need to ensure they have appropriate compliance infrastructure in place, says Gigi Szekely, managing director of compliance at IMP Consulting.

"If they outsource compliance due to the lack of internal resources they need to ensure they have the appropriate oversight and due diligence in place for those external resources," she says.

For larger managers, that most likely would have already faced SEC examinations, future exams will in part depend on the findings of past investigations, she adds.

Click here to view the full FundFire article (Subscription required).

Trade Compliance from a PM Perspective

Featured in NSCP Currents

Ashu Sharma's article, Trade Compliance from a Portfolio Manager’s Perspectivewas printed in the March issue of NSCP's Currents. Click on the link below for a PDF version of the article.

An interesting dynamic exists between the Compliance team and Portfolio Managers at many investment management rms. Portfolio Managers grumble that the Compliance team is slowing them down with multiple warnings and alerts, whereas Compliance professionals fret when Portfolio Managers insist that Compliance simply “ x it,” regardless of the complexity behind the issues. With few exceptions, this type of environment can o en cause tension between Portfolio Managers and Compliance. Read more....

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