About the author: Sean McMahon | SmartBlogs
“Without financial services, nothing else happens.” So says Broadridge President and CEO Rich Daly. SmartBrief caught up with Daly on the sidelines of the 2015 Milken Institute Global Conference to discuss how financial services firms can turn technology challenges and operational burdens into competitive advantages.
What do you think about the potential of financial utilities?
I have heard this idea for a long time.[…] Continue Reading »
A few highlights and memorable quotes from Day Three of the 2015 Milken Institute Global Conference:
Commerce Secretary Penny Pritzker says offering corporations a one-time tax repatriation holiday is not some kind of silver bullet that would solve the challenge of trying to get U.S. multinationals to bring their profits home. Pritzker said the repatriation holiday is only part of a more complex plan.[…] Continue Reading »
With cybersecurity front-and-center in the board rooms and executive suites of virtually every major corporation, it stands to reason that some of the thought leaders at the 2015 Milken Institute Global Conference would have a few things to say on the topic.
Companies are starting to understand the business community has reached a “new normal” when it comes to cybersecurity, according to Brunswick Group CEO Susan Gilchrist.[…] Continue Reading »
Operational risk management was on the minds of many attendees at the 42nd Annual SIFMA Operations Conference and Exhibition, held earlier this month in San Diego. Financial services firms have vastly improved their internal operational risk protocols, but one area set to attract increased scrutiny in the coming year is vendor risk management.
“You can outsource work, but you can’t outsource responsibility,” explained Thomas Ferlazzo, vice president of financial markets infrastructure at the Federal Reserve Bank of New York.[…] Continue Reading »
The arrest last week of Navinder Sarao for his alleged involvement in the Flash Crash rekindled questions about regulators’ ability to keep up with the technological tools deployed by modern market participants. Many people wondered… How come it took 5 years for authorities to catch Sarao?
But the story about the relationship between technology and financial regulation is not entirely one-sided.[…] Continue Reading »