AMG Steering Committee Summer Meeting Agenda
The Asset Management Group of SIFMA will meet in California on August 1-2 to discuss the progress of its market practices and advocacy initiatives, which include:
--The development of fixed-income best execution guidelines.
--Progress by asset managers and custodians in derivatives automation initiatives.
--The development of a standard SAS 70 for asset managers.
--Following the development of "mutual recognition of regulatory regimes" by which the SEC might permit certain types of foreign financial intermediaries to provide services to U.S. investors under an abbreviated registration system.
--Discussing recently-raised global competitiveness issues.
The aforementioned items are a sampling of the types of initiatives that the AMG is working on. For more information on the activities of the Asset Management Group of SIFMA, please contact Joseph W. Sack, Managing Director, SIFMA at 646-637-9265 or at jsack@sifma.org.
Learn How to Simplify Your Fails Management Process
On Monday, July 23, 2007, attend an AMF Lunch & Learn event in New York City and learn:
--- How asset managers can better manage the information they receive on trades that fail to settle.
AND
--- How broker/dealers and custodians can simplify their fails reporting process.
Click here for additional information and to register
The Asset Managers Forum will present an exposure draft of its Standard Fail Report form on Monday, July 23, 2007, from 12 noon to 2 p.m. Following an industry review and comment period, the AMF would recommend a standard format by which broker/dealers and custodians could send fail reports to asset managers. Attend this Lunch & Learn event to hear about the details of the AMF proposal and how your firm can benefit from using a Standard Fail Report form. Be sure to attend this event and take valuable information back to your firm.
Click here for additional information and to register
This event is being sponsored by SimCorp. If you have any questions, please contact Diane Trupia at 646-637-9270 or at dtrupia@sifma.org
Who Should Attend?
Asset managers, broker/dealers and custodians that have trade fail reporting responsibility and technology professionals that have programming responsibilities.
Details:
Monday, July 23, 2007
12 noon - 2 p.m.
360 Madison Ave. (on 45th Street), 17th Floor
New York, NY 10017
Asset Management Events in Boston - Save the Dates
The Asset Management Group and The Asset Managers Forum will host a three-day series of events in Boston, MA, on industry matters that have a bearing on the business activities of asset management firms.
September 18 - Save the Date for this AMG Conference, which will cover many of the items that are being addressed by SIFMA's AMG Steering Committee (see first article).
September 19 - Save the Date for a Workshop, which will cover many topics related to data management, both from the perspective of security master data and pricing data. Data management is relevant to a firm's operations functions, regulatory compliance and risk mitigation. Discussion topics will include a range of items such as cost of market data, market data services, regulatory issues and limitations related to data management, rules from legal and compliance perspective, email retention, pricing and end of day pricing feeds, corporate actions, broader industry trends.
September 20 - Save the Date for the AMF Member Meeting, which is the business meeting that addresses the most recent operations issues and challenges that affects the buy side. Attend this meeting to learn how the AMF is addressing topics such as fails reporting, overdrafts, corporate actions and other operations matters.
For information on these events, please contact Douglas D. Taggart at 646-637-9273 or at dtaggart@sifma.org
Important Publications:
SIFMA Update
Washington Weekly
Legal, Regulatory and Market Practices Action Line
Weekly Report of the American Securitization Forum
SIFMA SmartBrief (past five issues)