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BNY Mellon’s Chief Compliance Officer Forum in Review: Key Issues and Hot Trends


More than 50 BNY Mellon Chief Compliance Officer (CCO) clients gathered in New York for the 13th annual Chief Compliance Officer Forum. The exclusive, full-day event, featured prominent industry experts that discussed trends and compliance issues impacting the industry.

Key session topics included an update from the Investment Company Institute (ICI), industry developments around cybersecurity, cryptocurrency and blockchain, and a CCO led discussion on current challenges and best practices.

The forum also featured in-room polling of CCO attendees that revealed “Liquidity Risk Management” and “Cybersecurity and Data Privacy,” were anticipated to be the most challenging areas for them to potentially navigate over the next two years.

Additionally, the poll showed that more than half of attendees had indicated that their organization’s compliance programs were moderately or significantly impacted by global privacy regulations, global markets infrastructure requirements (MiFID II), and geopolitical risks.

Specific to the SEC’s recently announced Form N-PORT delay that requires larger fund complexes to gather and maintain all of the data required by Form N-PORT, but not file until April 2019- more than three quarters of attendees confirmed they are actively compiling, aggregating and transforming the necessary data into the N-PORT format.

In addition to supporting CCOs though our Chief Compliance Officer Support Services, BNY Mellon offers several products and solutions to help asset managers navigate and implement new rules and pending initiatives including SEC Reporting Modernization, liquidity risk management and FinCEN’s Customer Due Diligence requirements.

To learn more about BNY Mellon Asset Servicing and how it can help CCOs and asset managers, please visit our website or submit a request and a member of BNY Mellon’s team will contact you.

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