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What is the true determining function of cost in compliance?Mar 05 2014 1 Comment
As asset managers become more global, it is inevitable that regulators around the world will be responsible and looking at different aspects of a management company’s businesses.
Correspondingly, for years, managers who are active in different regions and jurisdictions have been trying to define and operate on the highest common denominator on which to operate so that they are able to meet the needs of any regulator that they have to deal with. Firms that historically dealt with a patchwork approach like “I’ll comply with this regulator and that regulator” find that through adapting to the new reality of extraterritoriality of regulations they are not only able to meet the regulators’ needs but also create significant efficiencies. In this Opalesque.TV BACKSTAGE video, Bill Mulligan and Stephen Burke of regulatory compliance provider Cordium discuss:
Cordium is a market-leading provider of regulatory compliance consulting services, accounting, tax and software to the asset management and securities industry. The company was formed by the merger of The IMS Group, HedgeOp Compliance and EvenWheel, and has offices in London, New York, Boston, San Francisco and Hong Kong. Bill Mulligan is the Managing Partner and CEO of Cordium in the US and has 19 years of experience providing support services to the financial services industry. Prior to founding HedgeOp in 2001 (which was the predecessor to Cordium US), Bill was an associate in the Investment Management Group of Seward & Kissel LLP. Stephen Burke is Managing Director, EMEA of Cordium. He has has nearly twenty-five years’ professional services experience, firstly as an auditor and then as a regulatory consultant primarily at PricewaterhouseCoopers where he was director of their UK Investment Management Practice until 2006. [less]
As asset managers become more global, it is inevitable that regulators around the world will be responsible and looking at different aspects of a management company’s businesses.
Correspondingly, for years, managers who are active in different regions and jurisdictions have been trying to define and operate on the highest common denominator on which to operate so that they are able to meet the needs of any regulator that they have to deal with. Firms that historically dealt with a patchwork approach like “I’ll comply with this regul ...more |
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