Finops Report: FINRA’s CAT: Customer Account Data Management Challenge

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S3 Chief Software Architect Josh Barry speaks with Chris Kentouris at Finops Report, about existing data management challenges with the Consolidated Audit Trail (CAT).

by Chris Kentouris
14 November 2020

Reporting correct customer data for the next phase of the requirements of the US Financial Industry Regulatory Authority’s Consolidated Audit Trail (CAT) system will end up being a time-consuming and costly exercise in data management for US broker-dealer regulatory reporting, trade compliance and IT managers.

US broker-dealers are likely spending all their time addressing interfirm and TRF linkages and think of April 2021 and July 2022 as too far off to worry about, yet trade compliance experts caution that waiting too long to prepare is a bad idea.

Read full article here.

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