18 December 2017
visit http://response.ncr.com

SimCorp launches legal rule set service for fund managers

14 July 2014  |  1483 views  |  0 Source: SimCorp

SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced the launch of its Legal Rule Set Service for fund managers - initially for Germany, Luxembourg and Switzerland.

SimCorp client, Swiss & Global Asset Management, has been piloting the new service offering. Swiss & Global Asset Management is part of GAM Holding AG, an independent, pure-play asset management group. The group has assets under management of CHF 115.3 billion (as at 31 March 2014). Swiss & Global Asset Management uses the new Legal Rule Set Service to comply with Swiss, German and Luxembourgian regulation.

SimCorp continuously monitors the legal environment and keeps in touch with industry organizations, regulators and auditors to keep abreast of new rules affecting securities and derivatives processing. Users receive immediate notification of any new rules or changes that require system upgrades, as well as frequent regression tests to ensure compliance with legal rule sets. By taking over this responsibility, SimCorp frees internal client resources from maintenance and monitoring tasks and instead lets them focus on their core business.

"So far, we already cover more than 400 legal investment restrictions and the number is growing" says Carsten Kunkel, Head of Legal Practices at SimCorp Central Europe. "With our well-equipped Regulatory Center of Excellence, we are ready to serve our clients for any future update to come."

Currently, four SimCorp Dimension clients have opted for the new service, which is intended to be rolled out globally. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.thomsonreuters.infovisit www.response.ncr.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11308 views comments | 3 tweets | 4 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
10371 views comments | 21 tweets | 26 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7817 views comments | 19 tweets | 22 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7559 views comments | 5 tweets | 11 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7459 views comments | 6 tweets | 26 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job