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

A-Team Insight Blogs

SimCorp Releases System Readiness Assessment for Dodd-Frank

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.”

Related content

WEBINAR

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

Date: 7 December 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes 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...

BLOG

Alveo Integrates ULTUMUS Index and ETF Managed Data Service with Prime

Alveo and ULTUMUS, an exchange-traded fund (ETF) specialist, have partnered to bring together Alveo’s data mastering solution, Prime, and ULTUMUS’s global ETF and index managed data service. The partnership aims to enable Alveo customers to integrate index and ETF information more quickly, and allow ULTUMUS’s clients to enhance their data mastering and data integration capabilities....

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Enterprise Data Management, 2009 Edition

This year has truly been a year of change for the data management community. Regulators and industry participants alike have been keenly focused on the importance of data with regards to compliance and risk management considerations. The UK Financial Services Authority’s fining of Barclays for transaction reporting failures as a result of inconsistent underlying reference...