Given the events of 9/11, numerous natural disasters, cyber security threats and more, there has been increasing regulatory attention on business continuity (BC).
The SEC has taken various steps to address BC practices in the financial services industry and the ability of market participants to continue operations during times of crisis:
For Registered Funds, SEC Rule 38a-1, adopted in 2003 under the Investment Company Act of 1940, requires firms to adopt and implement written compliance policies and procedures
In 2012, the SEC conducted a joint review, with FINRA and CFTC, of continuity planning in the wake of Hurricane Sandy that resulted in a joint statement setting forth best practices and lessons learned
In 2016, in the wake of the BNY-Mellon NAV calculation disruption, the SEC issued further guidance, calling for specific measures to increase robustness of continuity plans and exercises
In 2018, the SEC National Exam Program Examination Priorities document states that regulators will: 'assess entities' readiness and BC plan effectiveness…and enterprise risk management, including whether these programs cover appropriate business units, subsidiaries, and related interconnected infrastructure.'
In a recent webinar, SS&C DST Chief Risk Officer Blair Williams explores these regulatory requirements, as well as:
Challenging questions about your level of preparedness
Introduction to SS&C DST's business continuity planning advisory service and POC opportunities to help you prepare your organization for future crisis events
Click here to access the webinar.
SS&C DST plans and executes risk assessments, exercises and mitigation activities to protect the business operations that you have entrusted to us. Now, we can help you extend these activities to the rest of your organization. In a consultative engagement, we can help you prepare your organization to enhance your resilience so when future events occur, you are ready to execute a comprehensive business continuity plan that meets your specific needs.
To learn more or to set up a consultation, please contact Blair Williams at bwilliams1@dstsystems.com or 816.435.6028.
Company News and Events, Regulation
risk , webinar , BC , business continuity , management
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SS&C Technologies Holdings Inc. published this content on 09 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 November 2018 15:13:02 UTC
SS&C Technologies Holdings, Inc. is a global provider of services and software for the financial services and healthcare industries. The Company provides software-enabled services that allow financial services providers to automate business processes. The Company allows its clients to automate and integrate front-office functions such as trading and modeling, middle-office functions such as portfolio management and reporting, and back-office functions such as accounting, transfer agency, compliance and regulatory services. The Company provides its solutions within the institutional asset and wealth management, alternative investment management, retirement, financial advisory and financial institutions vertical markets. It provides solutions to the healthcare industry, including pharmacy, healthcare administration and health outcomes optimization solutions. Its healthcare solutions include claims adjudication, benefit management, care management and business intelligence services.
SS&C TECHNOLOGIES HOLDINGS, INC. 
