Following regulatory forbearance due to Covid and the resultant extensions to the implementation dates, it is time to review arrangements to comply with UMR. The number of in-scope entities will drastically increase as we near the Phase 5 & 6 dates. Entities will be subject to the rules from 1st September 2021 if the aggregate month-end average notional amount is above EUR 50 billion and from the 1st September 2022 if above EUR 8 billion. Read our article for further information.
About Eurobase International Group
Eurobase International Group (Eurobase), established in 1988, is a privately held, diversified business solutions group headquartered in the United Kingdom. Eurobase has, for the past 30 years, developed and produced market-leading solutions for the banking and reinsurance industries globally, including on-line customer portals, front office treasury management & sales desk solutions incorporating regulatory reporting. Eurobase boasts a strong (re)insurance arm supplying software for the London Market, captives, reinsurers, ILS and general insurers.
Eurobase also provides recruitment services primarily to the financial services sector. Further information about the group is available on the Eurobase web-site www.eurobase.com.
The Banking division of Eurobase has pioneered in the development of browser-based Sales Desk solutions. The siena product suite has been developed to deliver a highly functional web-execution, real-time connectivity and rate-management solution for Sales Desks, Dealers and Bank Treasurers.
The combined industry experience, product knowledge and professional skill of the Eurobase team ensures its ability to understand and deliver to a Bank’s requirements. Backed by a commitment to provide leading edge solutions. Eurobase provides 24/7 support to customers across the globe, and with an unmatched record in the delivery of successful strategic projects. Eurobase is an ideal partner for the optimisation of a Banks treasury operation.