Remove 2027 Remove Asset Management Remove Corporation
article thumbnail

Fireside Friday with Brown Brothers Harriman’s… Brendan Burke

The TRADE

Jumping ahead in time, covid-19 was another external factor which put a lot of pressure on asset managers in terms of how and where work was being done. For a lot of managers, FX can be considered an uncompensated risk since you’re not really being paid to manage the FX. What should firms bear in mind?

article thumbnail

SEC chair Gary Gensler urges UK to set T+1 transition date

The TRADE

European asset managers moved staff to the US to manage foreign currency risks during the US 4PM to 6PM time zone rather than late at night in Europe.” Gensler highlighted that this change reduces market complexity, particularly in the area of corporate actions, where the ex-dividend date now aligns with the record date.

Trading 64