SKADI

Back to the future - operations staff resort to 1980’s processing methods when systems are upended by a cyberattack. Record keeping (not the vinyl type!) - regulators expand WhatsApp messaging probe further into the buy-side – will other firms be next? Forward looking...

Independent price source reviews – post Bloomberg/SEC settlement. Documentation review – a check on “fall-back” provisioning with USD. LIBOR cessation on the horizon end June 2023. Russian sanctions – a blocked shareholder vote, and replacement...

BIS Quarterly Review – two stories that caught our attention.            Taxing times ahead (again!) – we return to a common theme of previous Horizons in 2022. In this month’s SKADI Spotlight, we look at Back-to-Back bookings from an ops perspective....

The fallout from the gilt sell-off continues. We look at how manual processes can cause bottlenecks within financial institutions. Year-end marking. How will private markets be marked to reflect the public markets sell-off. In this month’s SKADI Spotlight – Uridashi...

In this month's edition... NY Supreme Court case regarding amendment of the “no-action” clause in bond documentation... a look at interest rate hedging... threat of uptick in fraudster “low taxation schemes”.  

Heightened operational risk if GBPUSD cross rate goes through parity. What lies beneath? Liquidity mismatch could increase unlisted fund holdings as a percentage of total assets. Hidden pockets of leverage. Duration mismatch risk. Compensation Cap and Culture: does...

Resumption of secondary-market trading in Russian sovereign and corporates bonds brings operational risks. Recent developments and requirements for firms and individuals to apply to the FRC register to be able to conduct Audits in the UK. August’s ‘Spotlight’ feature,...

July’s ‘Spotlight’ feature, Taxing Situations, looks at where authorities may turn their attention to in the hunt for tax revenues. A detailed look at the BoE concerns regarding the increase in UK Gilt repo settlement fails. Following the Barclays rescission offer, a...

June’s ‘Spotlight’ feature - 50 Shades of Green - focuses on the recent growth in investor engagement regarding ESG issues. The fallout over LME’s handling of the nickel short squeeze intensifies.  Several AML sanctions were levied in June, including the first...

May’s ‘Spotlight’ feature focuses on the stance US Regulators are starting to take in charging companies for misleading ESG disclosures. After the collapse of ‘stablecoin’ Terra earlier this month, the regulatory focus on Crypto has been turned up yet another notch....