Automated compliance systems

Journal of Financial Regulation and Compliance

Volumn 7, Issue 1, 1999, Pages 48-56

  Ackerman, Fredda E ^a   Mounts, R Darrell ^b   Thomas, David U ^b  

^a Décalog   (United States)

^b Kirkpatrick and Lockhart LLP   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84994534722     PISSN: 13581988     EISSN: 17400279     Source Type: Journal    
DOI: 10.1108/eb024996     Document Type: Article

References (13)

1. The following transactions since 1997 illustrate the increasing multinational character of many financial institutions: Zurich Investment Group (Switzerland) purchased Scudder, Stevens & Clark (US) and merged with British American Financial Services (UK); Merrill Lynch (US) acquired Mercury Asset Management (UK); Commerzbank AG (Germany), which owns Jupiter Asset Management (UK), invested in Montgomery Asset Management (US); AXA Group (France) includes Equitable Cos. (US), National Mutual Holdings (Australia), and a majority stake in Sun Life & Provincial Holdings (UK); Deutsche Bank (Germany) purchased Morgan Grenfell (UK); Barclays Global Investors acquired Wells Nikko (a Japanese-American joint venture); Dresdner Bank (Germany) owns Kleinwort Benson (UK), RCM Capital Management (US), and the Thornton Group (with UK and Hong Kong operations); and AMVESCAP plc (UK) has announced its intention to acquire the Asset Management Division of Liechtenstein Global Trust AG which includes Chancellor LGT Asset Management (US).
2. Investment Company Institute (1996) ‘Mutual Fund Fact Book 34' (36th ed.).
3. Investment Company Institute (1998) Trends in Mutual Fund Investing, March.
4. The Economist (1997) ‘Go Forth and Multiply’, 25th October.
5. See ‘Report by Singapore Inspectors on Baring Futures (Singapore)', Financial Regulation Report (October 1995) (examining the conclusions of the 1995 report of Inspectors appointed by the Singaporean Minister of Finance and comparing it to the 1995 report of the Board of Banking Supervision of the Bank of England).
6. Jardine Fleming itself further illustrates the multinational character of money managers, as it is a Hong Kong-based joint venture between Jardine Matheson Holdings Limited and Robert Fleming Holdings Limited, both of which have an extensive international presence.
7. ‘Making the Case for Legal Compliance Audits’, International Commercial Litigation, May 1997, p. 27; ‘Key Compliance Issues’, International Commercial Litigation, May 1997, pp. 28-31.
8. ‘Key Compliance Issues’, International Commercial Litigation May 1997, pp. 28-31.
9. ‘Record Fine for Deutsche UK Fund Arm’, Reuter European Business Report, 16th April, 1997.
10. John H. Gutfreund et al., Securities Exchange Act Rel. No. 31554, 3rd December, 1992; Conrad C. Lysiak, Securities Exchange Act Rel. No. 33245 (24th November, 1993).
11. Gutfreund, Conrad C. Lysiak, note 10; Lysiak, Conrad C. Lysiak, 10.
12. Lysiak, Conrad C. Lysiak, 10.
13. Several companies, including décalog, Merrin Financial, Price Waterhouse LLP, and Charles River Development, have developed independent automated compliance systems that may be integrated with a variety of systems that handle portfolio management and trade order management.