ACA Spotlight Blog

GRC Spotlight Blog

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

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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.

January 30, 2019

Is your firm prepared for the SEC's new cyber focus areas for 2019? Find out what your firm needs to know, and what you can do to prepare.

ACA Aponix Case Study
January 22, 2019

This case study explains how a private equity firm utilized ACA's M&A diligence and advisory services to evaluate a potential partner’s IT systems, infrastructure, regulatory compliance, and resiliency.

CCO Support
January 18, 2019

As the government shutdown continues and uncertainty abounds, firms may be at a greater risk.

Potential Risks for Banks Using Third-Party Broker-Dealers
January 7, 2019

Third-party risk management is a key priority for banking regulators like the Office of the Comptroller of the Currency (“OCC”). Every one of the many thousands of service providers a bank may use exposes them to different levels of risk - some of which can be serious and costly. This is why banking regulators are requiring strong, risk-based due diligence and ongoing monitoring before and after a third party is hired. Roy Kim explains what you need to know.