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BlueBay Asset Management Selects Confluence Hosted Services for Regulatory Reporting

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BlueBay Asset Management has selected Confluence to support its automated regulatory reporting following a competitive selection process and on the basis of the company’s ability to meet both immediate and future regulatory reporting requirements.

BlueBay, a manager of fixed income and alternative investment products, will initially use Confluence’s Unity NXT hosted services for AIFMD, Form PF and Form CPO-PQR reporting. The NXT solutions support data aggregation, interrogation and calculation, as well as client approval of reports and regulatory filing.

Simon Lumsdon, global head of technology at BlueBay, says: “As part of our drive to automate our regulatory reporting solutions, we wanted a platform that would allow us to fulfil not only our current AIFMD, Form PF and Form CPO-PQR reporting obligations, but also allow us to meet future obligations. We chose Confluence because of its expertise and its track record in helping the industry adapt to changing regulatory requirements.”

Confluence has been developing and delivering regulatory reporting solutions for more than a decade and is dedicated to helping asset managers comply with increasing fund management regulation. Melvin Jaywardana, European market manager at Confluence, explains: “Many asset managers are facing data issues in regulatory reporting. To address these issues, the need is to pull all the data necessary for reporting together on a single platform, rather than develop point solutions. Confluence offers one platform that can fulfil asset managers’ regulatory reporting needs.”

While the fund industry’s focus is on this month’s AIFMD reporting deadline, Jaywardana says Confluence is readying for new regulations including MiFID II and Solvency II, which are expected to come into force in 2016.

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