Buttery croissants. Savory beef bourguignon. A luscious lemon tart. I live in France where we are known for a lot of great food. But there are epicurean delights everywhere – from Peking (Beijing) Duck to Voodoo donuts. What makes foods like these so memorable is having both a great recipe and an experienced chef to execute it – tweaking it just right for the ingredients on hand and the special needs of those who will consume it. Without these it’s easy to end up with something that leaves a bad taste in one’s mouth.
For capital markets firms, compliance is leaving a bad taste in their mouths. Our industry knows that new regulations will continue to take effect through 2016 and next year and beyond. Whether they are from MiFID II, Dodd-Frank or any other legislation or agreement the appetite for oversight and requirements appears ongoing. And that just doesn’t sit well with financial markets firms.
Adapting to a culture of compliance can be tough. But the just-announced acquisition of Etrali by IPC® is a great start toward establishing that environment across any trading enterprise. By combining the resources of these trading communications leaders, capital markets firms now have an even stronger partner in the compliance space.
Etrali with its long-standing reputation for superior compliance services has a breadth of offerings for battling requirements and meeting regulator requests.
IPC with its long track record of creating industry-leading communications software and devices can be counted on for innovative products that work reliably.
Together, there’s unmatched expertise in a single source that is positioned to collaborate, develop and deliver just the right solutions that fit each trading firm’s particular compliance needs.
Already, many global banks are asked to meet with the regulators, with the constant fear and often reality of compliance violations and fines. Today, I constantly hear about not only the need for voice recording and archiving of trades, but also electronic communications – emails, IM, Facebook and more – as well as the need for trade reconstruction within 72 hours and enforcing information barriers. It’s not easy to survive the onslaught of things firms must do to be compliant. We are working with many firms to help them satisfy those demands with palatable solutions.
Nurturing a culture of compliance will not be easy, but with the value of global presence, compliance knowledge, an established consulting practice, technical skill-sets and a powerful pipeline of existing and new devices and apps for policy engines, PBX recording, voice biometrics and analytics, and non-voice recordings under one roof – at IPC – capital markets participants now have a three Michelin stars chef and the right recipes at their disposal to help cook up tasty compliance solutions – for even the most discerning palates.
