Author Archives: danielenskat

Below are a few interesting data points from the Ponemon Institute 2017 Cost of Cyber Crime Study, jointly developed with Accenture: Notably, the average annualized cost for financial services companies is over $17M, and include evolving business models by criminals, … Continue reading →

The SEC officially named Pete Driscoll the Director of the agency’s Office of Compliance Inspections and Examinations (OCIE). OCIE directs the national examination program with a risk-based approach and Driscoll has served as director since January 2017. Chairman Clayton in a … Continue reading →

Following a consultation with the European authorities, the SEC issued three no-action letters that deal with access to research and will help provide certainty on US business procedures ahead of Jan 3, 2018. The no-action relief allows firms to comply … Continue reading →

BlackRock highlights technology as a growth driver and with Aladdin generated $595 million in revenue from 180 external clients last year, up 13% year-on-year. Compliance and better understand risk have fueled that growth. In 2014 at their annual “Hackathon”, the … Continue reading →

The Compliance Strategy Institute (CSI) last month held Executive roundtables both in London and Paris, with specific workshops and focus areas around Brexit and the possible competition from Paris and other cities vis-a-vis London in the context of Mifid 2, … Continue reading →

Over the last two days, Asofondos and the Federación Internacional de Administradoras de Fondos de Pensiones (Fiap) hosted their eighth annual round table focused on macro economics, long-term investing and pension funds.     Held in Cartagena, it brought together investment … Continue reading →

Very interesting… Tomorrow are some local elections here in Colombia and so tonight the country is banned from drinking so they don’t show up drunk for the vote.  Love it.