ACA Spotlight Blog

GRC Spotlight Blog

Governance, risk, and technology insights from ACA's experienced team

Addressing the Rising Cost of Non-Compliance with RegTech
March 19, 2019

ACA's Burt Esrig illustrates how regulators' advances in tech are supporting their ever-broadening scope of responsibility, resulting in increased enforcement actions and fines. In this landscape, RegTech is no longer a "nice to have" for investment firms, but an imperative.

ACA Spring Conference 2019 Miami
March 19, 2019

In less than two months, hundreds of compliance and performance professionals will be arriving in Miami for ACA’s Spring 2019 Compliance and Performance Conference. This year’s event will mark the fifth anniversary of ACA’s performance track, focused exclusively on issues related to performance measurement and the GIPS standards.

March 18, 2019

The U.S. Securities and Exchange Commission (SEC) and its staff have been busy since the end of the recent partial government shutdown. While there is certainly much work behind the scenes we do not get to see, there is plenty of public work that registered investment companies should note. For instance, the following matters occurred during the last two weeks of February

The Impact of Fee Compression on Risk Management
March 13, 2019

The bank and non-bank asset management industry is struggling with fee compression which has sparked a series of layoffs that you may have read about in recent news.

March 13, 2019

How are financial services firms addressing cybersecurity risks? We recently surveyed 210 firms in partnership with NSCP to find out.

ACA Performance GIPS Standards Adoption
March 6, 2019

With each release of a new version of the GIPS standards, ACA Performance Services has noticed an increase in the rate of adoption among all types of firms, as well as increased interest in third-party verification. Historically, this interest and adoption has come primarily from more traditional asset managers that manage separate accounts and are invested in public securities.

Senior Managers & Certification Regime: 6 major challenges for firms
February 27, 2019

As firms look to address the FCA’s Senior Managers and Certification Regime (“SM&CR”), ahead of the December 9 deadline, we observe six common themes and challenges emerging from their project implementation.

Update Coming to the Three Lines of Defense Model
February 27, 2019

The Three Lines of Defense Model has gained popularity as the de facto model for organizing governance, risk management and internal control roles and responsibilities since the Institute of Internal Auditors (IIA) published “The Three Lines of Defense in Effective Risk Management and Control,” position paper in 2013. The IIA recently announced that they would embark on a key project to refresh and update this document.

ACA Spring Conference 2019 Miami
February 22, 2019

ACA’s Spring 2019 Compliance and Performance Conference is headed to sunny Miami!

2019 GIPS Compliance Notification Form Now Available
February 21, 2019

Firms that claim compliance with the GIPS standards are required to notify CFA Institute of their claim of compliance. Each GIPS-compliant firm must submit the GIPS Compliance Notification Form by June 30 of each year.

UK Self-Assessment: post-submission challenges
February 14, 2019

The 2017/18 UK tax return deadline has now passed, but did you know there are a range of post-submission challenges that may impact you - some of which you may not be aware of? These include, Disappearing Payments on Account, Delays in Processing Amended Tax Returns, Ongoing Class 2 National Insurance Problems and Scams. Our personal tax specialist, Paul Webster, provides guidance on how to address these challenges.

Technology and AML
February 13, 2019

Analytical segmentation modeling (ASM) is one way to design an effective AML monitoring strategy through the development of a quality model to achieve segmentation. ASM involves combining customer or bank accounts with similar properties and transaction behavior to make it easy for banks to formulate risk signals based on their various classes of customers. This model sets threshold levels for the segments monitored by identifying patterns based on the groups of similar customers and/or accounts.

6 ways to stay head of regulators with RegTech
February 6, 2019

Regulators globally continue to invest in developing their technological capabilities to quickly and efficiently manage data, and they expect investment firms to do the same. In this blog post, ACA's Burt Esrig and Michael Lehman discuss what you need to know and how regulatory technology solutions can help.

January 31, 2019

Tax season is a prime time for identify theft. Find out how you can avoid common tax scams.