The Back Office - Weekly Update (2/19/23)

Welcome! This week’s insights below:

• Audit & Tax

  • Cybersecurity: It’s time to go on offense (kpmg.us)

  • Align collateral functions to services-based model | EY - US

  • 2023 financial services outlook (podcast) | Deloitte Insights

  • Asset and wealth management industry trends: PwC

  • SEC compliance insights for registered investment companies | Grant Thornton

  • How next gen fund administration services elevate operations (rsmus.com)

  • SEC Releases 2023 Examination Priorities | FORVIS

  • Setting the Agenda for the SEC in 2023: Prioritizing Innovation and Growth - Private Equity Blog | CLA (CliftonLarsonAllen) (claconnect.com)

  • How to build an effective IT audit team during a time of skilled resourcing shortages - Baker Tilly

• Administration

  • Regulation Best Interest: Are You Compliant? (ssctech.com)

  • Selecting a Comprehensive Family Office Services Provider (ssctech.com)

  • Citco Monthly Hedge Fund Update – January 2023 - Citco

  • Digital Finance Readiness in Investment Institutions: A Benchmarking Study | State Street

  • Global Economic Outlook Discussion - January 25, 2023 | Northern Trust

  • Investment Reporting: Staying on Top in the New Era (bnymellon.com)

  • Regulatory: Is your Risk Management Framework adequate? (apexgroup.com)

  • How Digital Transformation Helps GPs Deliver More Value to LPs - Gen II (gen2fund.com)

  • The Complexities and Opportunities of Launching an Interval Fund - Ultimus (ultimusfundsolutions.com)

• Compliance & Regulation

  • Jessica Reece Shares Insight Into SEC Exam Priorities | Ropes & Gray LLP (ropesgray.com)

  • SEC Division of Examinations Releases its 2023 Examination Priorities (sewkis.com)

  • Five fund technology trends for 2023 - Intertrust Group

  • Risky Business: SEC Expands DCP Enforcement Using Company Risk Factors | Insights | Holland & Knight (hklaw.com)

  • SEC to Enhance Its Regulation of Security-Based Swaps - FinReg + Policy Watch

  • SEC adopts T+1 settlement effective May 2024 | Davis Polk

  • PE Fundraising at a Glance (Q2 2022) | Paul, Weiss (paulweiss.com)

  • The Angels in the Details: The Importance of Carefully Drafted Board Minutes | Insights | Skadden, Arps, Slate, Meagher & Flom LLP

  • Developments and Trends in Delaware Law: A Review of 2022 and What To Expect in 2023 | Insights | Skadden, Arps, Slate, Meagher & Flom LLP

  • Disney’s Successful Proxy Contest With Trian Fund | Cravath, Swaine & Moore LLP

  • SEC Division of Examinations Issues 2023 Exam Priorities | Publications | Kirkland & Ellis LLP

  • Three SEC Enforcement Actions Illustrate the Increasingly Quantitative Analysis Used to Enforce Rules and Verify Disclosures // Cooley // Global Law Firm

  • New York Department of Financial Services Issues Crypto Custody Guidance | Global Fintech & Digital Assets Blog (fintechanddigitalassets.com)

  • Interest rates and recession: key risk factors for credit funds - Waystone

  • U.S. Regulatory Update – February 2023 Edition | ACA Group (acaglobal.com)

  • SEC Finalizes Rule Changes for Settlement Cycles (vigilantllc.com)

  • Certain Focus Areas Top SEC’s 2023 Examination Priorities | FrontLine Compliance

  • Cyber Security Risk: A Growing Threat (issgovernance.com)

  • Jurisdictional Updates 2-16-2023 – CSC (cscglobal.com)

  • SEC.gov | SEC Charges NBA Hall of Famer Paul Pierce for Unlawfully Touting and Making Misleading Statements about Crypto Security

  • 2023 Report on FINRA’s Examination and Risk Monitoring Program | FINRA.org

  • News & Notices | NFA (futures.org)

  • CFTC Announces Postponement of Commitments of Traders Report | CFTC

• Investors & Marketing

  • Turkey and Russia in Crisis: the Role of SWFs (GlobalSWF) Global SWF

  • Climate Tech’s Evolution: The Maturation to a Competitive, Returns-Focused Thematic Investment Sector - Cambridge Associates

  • A New $9 Billion Health System Has Tapped Its First CIO | Institutional Investor

  • Investor Interest 2023: Allocators' plans for hedge funds and beyond | Hedgeweek

  • Louisiana School Commits $25M to Real Estate (dakota.com)

• Operations & Trading

  • What's Next for the Buy-Side Trading Desk? - FlexTrade Systems » FlexTrade Systems

  • SEC gives green light to T+1 implementation in May 2024 - The TRADE (thetradenews.com)

  • Cboe Global Markets to Launch Cboe One Options Feed - Traders Magazine

  • Outsourced Trading – Poised for Strong Growth in 2023 (opimas.com)

  • Operational Resilience - What's On Your Plan? - Alpha FMC

  • How New SEC Proposal Impacts Outsourcing Due Diligence and Oversight (citisoft.com)

• Technology

  • Industry Experts Weigh In On 2023 SEC Examination Priorities (align.com)

  • Market Thinking For 2023 with Angelo Robles and Mark Tinker (accordia-group.com)

  • ‘The most insidious risk of all is the risk of complacency’ - OSFI - Global Relay

  • Top 3 Reasons Financial Firms are Outsourcing in 2023 - Agio

  • How Preventative Security Actively Reduces Organizational Cyber Risk - Darktrace Blog

  • Top 5 Things SEC Registered Firms Need to Do to Prepare for the New Cybersecurity Regulations in 206(4)-9 | MTradecraft | MTradecraft

  • Regulation: from obstacle to opportunity through data-driven compliance (steel-eye.com)

  • Structured vs. Unstructured Data: What You Need To Know | by Kensho Communications | Kensho Blog

  • When is the right time for vulnerability scanning? (vanta.com)

  • Trends in Institutional Investing: Quantification and Internalization | SigTech

Thanks for reading,

-B.O.G