Consolidate Audit Trail – Timeliness of Reporting
Finance Magnates, 2 March 2017
While US broker dealers anticipate the initiation of the Consolidated Audit Trail (CAT), many aspects of this regulation remains a topic of conversation for the industry.
One area of particular interest is the subject of timeliness for reporting. ‘Timeliness’ has been defined as “when the data is available to regulators and how long it would take to process before it could be used for regulatory analysis.” So how does one determine whether the current CAT NMS Plans will allow for timeliness of reporting, and what opportunities are there for technology to help support this objective?
Sheelah Kolhatkar, a former hedge fund analyst, is a staff writer at The New Yorker, where she writes about Wall Street, Silicon Valley, and politics, among other things. She has appeared as a speaker and commentator on business and economics issues at conferences and on broadcast outlets including CNBC, Bloomberg Television, Charlie Rose, PBS NewsHour, WNYC and NPR. Her writing has also appeared in Bloomberg Businessweek, New York, The Atlantic, The New York Times and other publications. She lives in New York City.
