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

Subscribe to our newsletter

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.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Regulatory change management – challenges, solutions and case studies

Regulatory change has become part of the fabric of capital markets. It has also become increasingly complex as more regulations are introduced, significant amendments are made frequently, and small changes are made on a rolling basis – the whole made more difficult by jurisdictional interpretation and the UK’s amended regulatory regime post Brexit. If keeping...

BLOG

A-Team Extends, Expands and Releases 2021/2022 Edition of Regulatory Data Handbook

Don’t miss the latest edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. The 2021/2022 handbook covers more than 40 regulations, providing you with a detailed description of each regulation including its...

EVENT

RegTech Summit New York

Now in its 7th year, the RegTech Summit in NYC will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...