Bringing you live news and features since 2006 

SimCorp clients live with latest EMIR trade reporting requirements

RELATED TOPICS​

Following the second compliance deadline for reporting derivatives trades to a trade repository (TR), SimCorp clients have met the requirements as set out under the European Market Infrastructure Regulation (EMIR).

From August 11, investment management firms are required to include valuation and collateral reports in addition to the data that must already be reported to one of the TRs authorised by the European Securities and Markets Authority (ESMA).
 
EMIR contains three requirements that have a direct bearing on investment managers’ IT infrastructure:
 
•             Introduction of central clearing parties (CCP) to reduce counterparty risk
•             Optimizations in processing OTC derivatives
•             Increased market transparency by introducing TRs
 
The solution offered by SimCorp supports Regis-TR and DTCC as European TRs authorised by ESMA. Before the first reporting deadline of 12 February over 25 SimCorp clients across Europe opted to use SimCorp’s trade reporting solution which is integrated into the SimCorp Dimension Investment Management platform. The integration saves SimCorp clients time when producing their reports by for instance allowing a direct drill-down from the reporting data to the actual trades captured in SimCorp Dimension.
 
“EMIR compliance has been a lengthy and challenging process. Deploying the right technology has been essential to coping with the requirements and our partnership with SimCorp has enabled us to handle the new rules competently,” says Marita Olofsson, head of business administration asset management at AFA Insurance. “We are confident that with the solid technology platform SimCorp provides, we are well positioned to manage any new compliance requirements arising from the evolution of EMIR in the coming years.”
 
“The implementation of the Trade Repository solution was marked by the close collaboration between our clients and SimCorp’s consultants deploying the solution in each country. In order to maintain this close contact and to develop our solution further, we have invited our clients to the first European Trade Repository User Group Meeting taking place on September 17, 2014 in Paris. We are looking forward to bringing together our clients, as well as representatives of Regis-TR S.A. and DTCC in a knowledge sharing workshop which will be beneficial for all participants,” says Carsten Kunkel, head of SimCorp’s Global Regulatory Center of Excellence.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by