Regulatory Compliance

Since the outbreak of the financial crisis, the global financial industry has faced significant regulatory challenges, such as Dodd-Frank, EMIR, MiFID II/MiFIR and IFRS 9.

The ability to adapt to such challenges quickly and at a low cost is increasingly becoming a competitive advantage. This is why a fast and smooth implementation process is vital to your regulatory compliance.

To deal with the regulatory challenges, it is important that you quickly identify regulatory changes and cost-efficiently integrate them into your operational platform.

The key challenge remains: how can you ensure that you detect and monitor relevant regulatory topics efficiently and in due time?

SimCorp Regulatory Center of Excellence can help

Through our Regulatory Center of Excellence, we continuously monitor the legal environment and transform regulatory requirements into working SimCorp solutions.

The leading experts and best technical specialists at the SimCorp Regulatory Center of Excellence cover the full process of regulatory changes by:

• Tracking ongoing regulatory initiatives
• Identifying functional needs for your platform
• Steering the portfolio of regulatory compliance offerings
• Ensuring cost-efficient implementation

 SimCorp offers a range of Regulatory Services that will help ensure you are adequately prepared to comply with financial regulatory changes:

Legal Rule Set Service

Helps you keep track of regulatory changes and their impact on your SimCorp Dimension installation. The Legal Rule Set Service covers over 1100 legal investment restrictions, with the number increasing annually.

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Solvency II Service

Helps you set up the standard model for the quantitative requirements of Pillar 1, as well as authority reporting, public disclosure, and risk reporting covered by Pillar 3 of the Solvency II framework.

Trade Repository Service

Helps you gain control of the complete process from data collection and processing, right through to creating reports, to help ensure you comply with the derivatives reporting obligations, as specified by EU regulation and ESMA standards. The Trade Repository Reporting Solution helps you fulfil the reporting obligation of derivative trades enforced under several jurisdictions, for example EMIR in the EU or ASIC in Australia. The Trade Repository Monitoring Service for EMIR helps you keep updated on the latest adjustments to the regulatory environment, the Trade Repositories and SimCorp Dimension functionality.

SFTR Service

Regulatory reporting under Securities Financing Transaction Regulation (SFTR) is a requirement for all firms active in securities financing transactions in the EU. We believe a holistic approach is required to handle the complex reporting requirements, frequent changes and multitude of involved parties involved in reporting. Our SFTR reporting service delivers highly-automated daily reporting, validation of trade data against the regulatory rule set and a consistent overview across all business processes.

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Trade Repository Reporting Solution factsheet

To comply with the European Market Infrastructure Regulation (EMIR) and the Financial Markets Infrastructure Act (FMIA), market participants trading derivatives in the EU or Switzerland are required to report their trades, positions and subsequent lifecycle events to a Trade Repository. This affects both Over The Counter (OTC) and Exchange Traded Derivatives (ETD). To help you meet these reporting obligations and stay informed we offer services around Trade Repository Reporting.

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GDPR and SimCorp Dimension

SimCorp supports its clients compliance with the General Data Protection Regulation (GDPR) by addressing the most relevant requirements from GDPR in relation to their SimCorp Dimension usage. The investment management platform already allows you to comply with GDPR and its support of Data Privacy Management will be expanded further.

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MIFID II/MIFIR transaction reporting solution

SimCorp’s MiFIR Transaction Reporting is a complete solution including a Standard Configuration and a Monitoring Service to enable you to stay compliant while doing the daily reporting.

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