The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

RIMES Launches New Reg-Focused Data Feed for BMR

Managed services and solutions provider RIMES Technologies has taken another step into the regtech space with the launch of its new RIMES RegFocus BMR Data Feed, a new service to help asset managers, banks and insurance companies ensure the benchmarks they use in financial instruments and contracts are compliant with the EU’s Benchmarks Regulation (BMR), which came into force in January 2018.

By mapping index reference codes across official symbols including ISIN, Bloomberg Ticker and RIC RegFocus BMR Data Feed provides firms with a complete repository of all indices authorized for use in the EU under BMR – including from administrators based in third-country jurisdictions. The service also draws on data from interviews with 350+ RIMES data partners as well inputs from ESMA and European regulators.

The new data feed follows RIMES’ existing RegFocus BMR Control solution, which launched in 2017 to provide benchmark users with inventory management, enrichment and control capabilities. Designed as a lighter alternative, the RegFocus BMR Data Feed provides a slimmed-down alternative for firms that require a less comprehensive solution.

Alessandro Ferrari, CMO at RIMES, says: “While BMR has been in force for nearly a year, we’re in the middle of a regulatory transition period, and there’s still a great deal of uncertainty over what the benchmarks landscape will look like once the dust has settled. Our new service provides benchmark users with clarity into the unfolding situation and gives them the information they need to reduce the risk of non-compliance and avoid disruption to their businesses.”

Related content

WEBINAR

Recorded Webinar: Best practice for Regulatory Change in 2021 and beyond

How to get regulatory change management right and avoid the risks of getting it wrong The burden of regulatory change on financial firms has never been greater, leaving compliance teams under increasing pressure to ensure that changes are reviewed and acted upon in a timely manner. Technology enhancements in this space can help, allowing firms...

BLOG

Rising AML Costs Driven by Regulatory Initiatives Rather than Crime Threat, LexisNexis Survey Finds

Regulation itself is the primary driver behind an expected rise to £30 billion in UK financial institutions’ annual AML costs to £30 billion by 2023, a survey from LexisNexis Risk Solutions has found. The increase, from £28.7 billion in 2020, appears set to be invested in personnel rather than technology, however, with the survey –...

EVENT

TradingTech Summit London

TradingTech Summit London will explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility. Leveraging the cloud, AI and ML technologies to get an edge, automate processes and simplify operations in a cost effective way is the name of the game and will share practical insight from practitioners and technology leaders who are innovating and driving forward change in trading operations.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...