SimCorp releases guide to global compliance and regulation standards
SimCorp offers a unique online compilation of resources to support the global investment management industry learn more about various types of regulation and how they are likely to affect the sector.
SimCorp, a leading provider of highly specialised software and expertise for the investment industry, released today a guide for investment managers on global compliance and regulation standards. With the imposition of new and updated standards such as IFRS9, Solvency II, UCITS IV and AIFMD proceeding in Europe, along with the Dodd-Frank Act in the USA, firms must ensure they are fully prepared for regulatory changes and new mandates governing the industry.
Organisations must adapt and prepare their investment management systems for an evolving new regulatory playing field. In fact, many view increased regulation as the primary barrier to growth going forward.
In an attempt to alleviate the financial institutions’ struggle to overview the vast content and implication of different regulations, SimCorp has collected multiple expert resources and made everything available online in one place. The online compilation includes among other items articles, webinars, videos and links to industry websites.
“The regulatory requirements are not negotiable,” says Peter L. Ravn, chief executive officer at SimCorp. “Investment managers must learn how to fulfil these without regarding them as a burden, but rather turn the framework into a competitive advantage”.
Moreover, SimCorp also offers global, professional investment managers the possibility of taking an online assessment on the impact of new regulations on their investment management system. The online test will result in a personalised report including advice on what actions to consider regarding each regulation.
To take the self-assessment test go to http://compliance.simcorp.com/. To learn more about global compliance regulation and standards, go to www.simcorp.com/compliance.
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Enquiries regarding the announcement should be addressed to:
Lars Bjørn Falkenberg, Senior Vice President, Head of Global Product & Marketing Management, SimCorp A/S, +45 35 44 88 00 / +45 26 30 01 27.
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About SimCorp
Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. SimCorp’s world-class software provides global financial organisations with the tools they need to mitigate risk, reduce cost, and enable growth. SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients and its investors.
For more information about SimCorp’s products, please visit www.simcorp.com/product