The Back Office - Weekly Update (7/16/23)

Welcome! This week’s news and views below:

• Know Your Value: AI in Asset Management (ssctech.com)

• Navigating operational complexity - Citco

• Distribution 3.0: Building a Strategy for the Long Term | State Street

• Blog: How sidecars are revolutionizing risk management and fostering collaboration in the insurance sector (apexgroup.com)

• Regulation is the biggest challenge to capital raising (ocorian.com)

• AIMA Hedge Fund Confidence Index in partnership with Simmons & Simmons and Seward & Kissel - Seward & Kissel LLP (sewkis.com)

• SEC adopts money market fund reforms | Davis Polk

• Taking Stock: Global Private Equity Perspectives - July 2023 | Ogier

• A Singular(ity) Challenge: Compliance and Enforcement in Financial Markets in the Age of Artificial Intelligence | Compliance and Enforcement (nyu.edu)

• Cabinet News & Views (cadwalader.com)

• The Impact of the FTC’s Proposed Changes to Hart-Scott-Rodino Filing Requirements | Insights | Sidley Austin LLP

• PCAOB Releases New Audit Committee Resource for 2023 | WilmerHale

• Cayman Islands Satisfies All FATF Recommendations - Waystone

• RIAs Understand the Importance of Compliance to Their Success (vigilantllc.com)

• How outsourcing helps protect margins in asset management - IQ-EQ (iqeq.com)

• SEC pursues its regulatory agenda | FrontLine Compliance

• SEC votes to amend money-market fund and BD customer protection rules – Global Relay Intelligence & Practice

• IRS continues reopening closed Taxpayer Assistance Centers- Internal Revenue Service

• SEC.gov | SEC Charges Celsius Network Limited and Founder Alex Mashinsky with Fraud and Unregistered Offer and Sale of Securities

• Potential sanctions violations: To voluntarily self-disclose or not? | Premium | Compliance Week

• Korean State-Owned Investors Lifted by Public Markets, But Plan for More Private Equity (GlobalSWF) Global SWF

• Did the SEC Just ‘Kill’ Institutional Prime Money Market Funds? (institutionalinvestor.com)

• Fundraising News (dakota.com)

• Investment Management Operations - Capital Allocators with Ted Seides

• Acuiti launches Asset Management Expert Network - Traders Magazine

• Performance Measurement: If You Can’t Measure It, You Can’t Change It (citisoft.com)

• Common signs you're outgrowing your Finance tech stack (vareto.com)

• Canoe Intelligence and Lionpoint Group Partner to Support Alternative Investment Operations and Technology - Canoe

• Beyond "Operational Drag" (ezops.com)

• How the OCC’s Office of Financial Technology Impacts Bank-Fintech Relationships - Blog | Unit21

• Empirical Statistics of FX Algorithms — BestX

• Q2 2023 Asset Management Insight Report - Acuiti

• Merrill Lynch slapped with $6M fine for negligence in Anti-Money Laundering reporting (liquidityfinder.com)

• Threads Has Arrived. Here’s What You Need to Know. - Agio

• Preventing Cybersecurity Breaches: The Story of Sharon, an RIA Employee Who Lost $748MM in Client Assets to Hackers. | MTradecraft

• The Future of Surveillance: Debunking Misconceptions Around Integrated Trade and Communications Surveillance (steel-eye.com)

• Mega trends in corporate banking | Finastra

• Rude awaking re liquidity stress testing post the SVB crisis (adenza.com)

• Discover the Power of Shadow Accounting - Indus Valley Partners (ivp.in)

• Radical Transparency with the Clearwater Pricing Comparison Report | Clearwater Analytics

• Resourcing in private markets: Choosing the right service model - Lionpoint (lionpointgroup.com)

Thanks for reading,

-B.O.G