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 institutionsâ 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.
âThe regulatory requirements are not negotiable,â says Peter L. Ravn, chief executive officer at SimCorp. âInvestment managers must learn how to fulfil these without regarding them as a burden, but rather turn the framework into a competitive advantageâ.
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.