Latest News
- Disaster and Business Continuity
- Derivatives Operations +
-
Securities Operations
+
- Affirmation, Allocation & Confirmation
- Back Office
- Buy-Side
- Case Studies
- Clearing
- Corporate Actions
- Data Management
- FX Operations
- Hedge Fund Operations
- Industry News
- Mergers & Acquisitions
- Middle-Office
- Operational Risk
- Ops Automation
- Outsourcing
- Private Markets
- Reconciliation & Exceptions
- Risk Management
- Sell-Side
- Settlement
- T+1 Settlement
- Diversity & Human Interest +
- FinTech Trends +
- Opinion +
- Performance Measurement +
- Regulation & Compliance +
- Industry News +
- FTF Media & Content Channels +
- FTF Bull Run Blog
SimCorp, a vendor of investment management software and services, has launched a service that updates fund manager clients about the SimCorp product changes that need to be made in order for them to stay compliant with new regulations.
The initial rollout of SimCorp’s Legal Rule Set Service is taking place in Germany, Luxembourg and Switzerland, and SimCorp plans to follow up with a global launch, according to a company statement.
Users of the service receive immediate notification of new rules and changes that require system upgrades, and SimCorp runs frequent regression tests to make certain its offerings are compliant with regulations, officials say.
SimCorp client Swiss & Global Asset Management has been piloting the new service to comply with Swiss, German and Luxembourgian regulations. Altogether, four SimCorp clients have opted for the new service, SimCorp officials say.
Swiss & Global Asset Management is part of GAM Holding AG, an asset management group with assets of CHF 115.3 billion ($129.4 billion) under management, according to the statement.
“So far, we already cover more than 400 legal investment restrictions and the number is growing” says Carsten Kunkel, head of legal practices at SimCorp Central Europe.
Need a Reprint?
- Read More:
- SimCorp
Leave a Reply