About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

SimCorp Releases System Readiness Assessment for Dodd-Frank

Subscribe to our newsletter

SimCorp, a leading provider of highly specialised software and expertise for the investment industry, has released a white paper discussing the technology considerations a buy-side firm should take into account on its road to Dodd-Frank compliance.

The paper, entitled: “Impact of Dodd-Frank on OTC Derivatives: Supporting Central Trading and Clearing” details SimCorp’s recommendations for preparing a buy-side firm’s technology infrastructure to support regulatory changes around the OTC derivatives market. Included in the white paper is a self-assessment checklist, which investment managers can use to evaluate their investment system capabilities and readiness for Dodd-Frank.

Among the recommendations are:

–       Support for enterprise data management for a 360 degree view of risk and performance.
–       Automate valuation to calculate profit and loss and generate margin calls to reconcile discrepancies between the investment manager and transacting counterparty.
–       Straight-through processing for OTC swaps.
–       Detailed and easy-to-access audit trail throughout the trade lifecycle.
–       Broad instrument coverage that includes centrally and bilaterally cleared trades as well as instruments that fall outside the scope of Dodd-Frank.

“We developed this white paper as a starting point for investment managers to evaluate how well their current infrastructures can deal with the impending reform,” commented David Kubersky, managing director of SimCorp North America. “The transparency and disclosure that an investment system is required to provide in support of Dodd-Frank is also essential for a real-time view into investment performance. SimCorp’s integrated yet modular approach for front-to-back office workflow automation provides our clients with a platform that ensures compliance, but also supports the growth and profitability of their business.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Cross-Regulation Data Consistency and Accuracy

Date: 1 November 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Regulatory reporting obligations continue to expand, bringing with them more overlaps of data elements across reporting regimes. As many firms struggle with the accuracy and completeness of individual reporting obligations, regulators have increasingly begun to focus on cross-regulation data...

BLOG

DTCC Replaces Benchmarks Service with ITP Data Analytics for Operational Performance

DTCC has updated its Institutional Trade Processing (ITP) service with ITP Data Analytics, a service including analytical tools that allow broker/dealers and investment managers to measure and compare their operational performance against counterparties, industry standards and peers. ITP Data Analytics replaces DTCC’s legacy Benchmarks service. It consumes underlying daily transaction activity from DTCC’s post-trade central...

EVENT

Data Management Summit New York

Now in its 13th year, the Data Management Summit (DMS) in New York brings together the North American, capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...