NIST releases version 1.0 of its privacy framework

-By Mike Vanderbilt & Rachael Reinis of Baker Tilly In response to an increasingly complex data privacy regulatory environment, the National Institute of Standards and Technology (NIST) released version 1.0 of its Privacy Framework, subtitled “A Tool for Improving Privacy Through Enterprise Risk Management.” NIST intends the framework “to be widely usable by organizations of…

Emerging stronger: Investment management operating at the speed of the markets 2.0

By Patrick Henry, Tania Lynn Taylor & Krissy Davis of Deloitte At investment management firms, the COVID-19 pandemic has revealed areas that could be improved. Learn how active investment managers can use digital and advanced technologies to become more responsive and resilient. Key findings Active managers should be up to date with market actions and…

New Home Sales Jumped in May

By Yelena Maleyev, Associate Economist, Grant Thornton New home sales, which record a sale at the contract signing, came in at an annualized rate of 676,000 in May. That’s an increase of 16.6% from April and 12.7% from May 2019. April sales were revised down by 43,000, meaning sales fell for three months in a…

Vehicles Drive Factory Gains

By Diane Swonk, chief economist, Grant Thornton Durable goods orders surged nearly 16% in May after contracting more than 18% in April. A 27.5% jump in vehicle orders drove those gains. Primary and fabricated metals orders were not too far behind. Vehicle sales came back rapidly after dipping during the lockdown. Wealthy households were able…

A Fork in the Road

-By Diane Swonk, Grant Thornton The U.S. economy is at a proverbial fork in the road. Either we tame the COVID-19 virus and provide more support for households and firms ravaged by the humanitarian and economic effects, or we will suffer a deeper and longer recession. The push to reopen states before the pace of…

Private Funds Regulatory Update: the Custody Rule Still Applies

-By Baker Tilly COVID-19 has made an impact on all of our lives, and has changed what we have viewed as “the normal.” This includes our daily routines, where we spend our workdays and how businesses operate daily. The impact of working from home has been significantly assessed over the past few weeks. Some studies…

Pandemic Resiliency and Response for Asset Managers

-By Grant Thornton Playing a critical strategic advisor role in the pandemic and beyond The COVID-19 pandemic has created obvious short-term implications and many anticipated long-term implications. Asset management organizations are at the center of this disruption and are uniquely positioned to help working individuals, retirees, pension funds, governments and other institutions navigate global market…

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