ACA Spotlight Blog

ACA Spotlight Blog

Compliance, risk, and technology insights and alerts for financial services
 

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ACA's experienced compliance, risk, and technology professionals regularly provide insights on industry news, trends, and best practices. Our blog now consolidates all ACA compliance alerts, thought leadership articles, white papers, cybersecurity alerts, and results from ACA surveys to help you find the information you need more quickly and easily. 

For ACA compliance alerts prior to March 2019, see our News Archive.

2019 Liquidity Risk Management Program Rule Survey Results
White Paper
May 24, 2019

ACA Compliance Group is pleased to present their newest survey results in the form of a white paper, 2019 Liquidity Risk Management Program Rule Survey Results.

SEC cyber exam sweep
Compliance Alert - SEC
May 22, 2019

The U.S. Securities and Exchange Commission (SEC) has commenced a series of cybersecurity examinations on registered investment advisers (RIAs) which targets Form ADV data related to cloud service providers.

View of buildings in the city
Compliance Alert - FCA
May 22, 2019

The FCA recently published the conclusions of its review of principal firms in the investment management sector. We examine the relevance of the findings and outline how the FCA rated Mirabella in the review.

FINRA Provides Guidance Regarding Suspicious Activity Monitoring and Reporting Obligations
Compliance Alert - FINRA
May 16, 2019

FINRA recently issued Regulation Notice 19-18 (the “Notice”), which provided guidance to member firms regarding their monitoring obligations with respect to suspicious activity pursuant to the Bank Secrecy Act (“BSA”) and anti-money laundering (“AML”) requirements.

New Intel Chip Security Vulnerability
Cyber Alert
May 15, 2019

On May 14, Intel announced a series of security vulnerabilities in its central processing unit (CPU) chips. The vulnerabilities are collectively labeled Microarchitectural Data Sampling (MDS).

Q&A-New-Prudential-Regime
Thought Leadership
May 15, 2019

The Investment Firm Regulation (IFR), a new prudential framework developed by the European Commission (EC), will soon apply to all MiFID investment firms. The vast majority of investment firms will need to adapt to a new set of capital, liquidity, and reporting requirements. Whether or not you believe these rules are simpler and more proportionate to investment firms, you need to be prepared.

Surveillance Attack Discovered in WhatsApp
Cyber Alert
May 14, 2019

On May 13, Facebook announced a vulnerability in its popular WhatsApp messaging service. The vulnerability allows attackers to install spyware on smartphones by simply placing a voice call to WhatsApp on the device.

FCA: Turning Up the Heat on Market Abuse
Compliance Alert - FCA
May 13, 2019

The Financial Conduct Authority (FCA) has made no secret of its intention to crack down on firms and individuals that fail to meet their obligations under the Market Abuse Regulations (MAR) and FCA rules.

Industry Groups and Experts Align for Increased Transparency in Private Market Performance
Thought Leadership
May 9, 2019

Just when we thought the upcoming Uber IPO was the biggest news in private markets, we get a hot take from the Oracle of Omaha. At the annual meeting of Berkshire Hathaway Inc., Warren Buffett noted “[w]e have seen a number of proposals from private equity funds where the returns are really not calculated in a manner that I would regard as honest; [i]f I were running a pension fund, I would be very careful about what was being offered to me.”

ACA Waters Rankings 2019
News
May 8, 2019

We're excited that ACA has been shortlisted for Best Cyber-Security Provider, Best Portfolio Management System Provider, Best Enterprise Data Management (EDM) Systems Provider, and Best AML Compliance Solution Provider in the Waters Rankings 2019! Please take a moment to vote for us.

Transaction Reporting: Six common failings
Compliance Alert - FCA
May 8, 2019

Hot on the heels of two well publicised MiFID I fines for transaction reporting failings, the FCA has published Market Watch 59, the content of which is totally monopolised by transaction reporting.  This signals that the regulator is now squarely turning its attention to failings under the MiFID II regime. The FCA once more reinforces the importance of complete and accurate transaction reports. 

Changing Landscape of Compliance Staffing
Thought Leadership
May 6, 2019

The staffing needs for financial services firms are constantly evolving. The ever-changing regulatory landscape combined with the increasing adoption of regulatory technology can make finding and retaining qualified staff with the required proficiencies a challenge for HR departments and recruiters.