Business Wire

RIMES Launches New Service to Help the Buy-Side Meet the Challenges of the New Benchmarks Regulation

Del

RIMES Technologies, the leading provider of managed data services and RegTech solutions for the buy-side, has today launched an innovative new solution: RIMES RegFocus® BMR Control. The cloud-based service will help asset managers, banks and insurance companies comply with the EU’s landmark Benchmarks Regulation (BMR) coming into force on 1st January 2018 without the high cost and operational disruption associated with in-house upgrades to compliance systems and processes.

Under BMR, which aims to introduce a common framework and consistent approach to benchmark regulation across the EU, Benchmark Users are defined as supervised entities that use indices as benchmarks, and issue financial instruments or contracts that references an index. Under the Regulation, these firms are required to understand which of the indices they use constitute a benchmark, and whether they can use these benchmarks in the EU. Additionally, they must have a substitute benchmark ready in case any benchmarks they currently use are withdrawn as a result of the Regulation.

RegFocus BMR Control provides Benchmark Users with a simple-to-use cloud service to meet their new compliance obligations under BMR. Through an advanced, feature-rich inventory management system, Benchmark Users can gain an immediate understanding of the universe of indices and benchmarks used at their firm, and benefit from immediate alerts to any areas in which they are at risk of non-compliance. Most importantly, RegFocus BMR helps benchmark users address the essential question: am I a Benchmark Administrator, a Contributor or a User, and for which benchmarks? The new service also includes comprehensive data enrichment capabilities, enabling firms to augment the key attributes of one or a set of benchmarks.

RegFocus BMR Control provides further levels of control through its advanced and highly-intuitive user interface. Firms using the service can rest assured that every benchmark they use is properly registered and administered under BMR. Additionally, RegFocus BMR Control draws on RIMES’ library of millions of benchmarks to provide users with instant access to substitute benchmarks.

Bruno Piers de Raveschoot, COO of RIMES Regulatory Division, commented: “BMR represents a significant step-up on the compliance obligations for the buy-side, and many will struggle to achieve compliance in time if they go down the traditional, in-house route. RegFocus BMR Control offers a compelling alternative: immediate compliance control at the low cost-points associated with the cloud. Our technology integrates seamlessly with the systems of Benchmark Users to provide a real value add: a system that delivers a comprehensive benchmarks inventory, proactively alerts firms about non-compliance, and enriches benchmarks data. I’ve heard from some clients that without such technology it is literally impossible to comply with the BMR.”

#ends#

About RIMES

RIMES is a buy-side specialist that truly understands the data management and compliance challenges faced by its clients. It serves over 300 investment managers, pension funds, hedge funds, wealth managers, private banks, custodian banks and insurance companies in 40 countries including 60 of the 100 largest global asset managers and 9 of the 10 largest custodians by TAUM.

Contact information

RIMES
Alessandro Ferrari
Marketing@rimes.com
02031707303

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Keio Plaza Hotel Tokyo Hosts "Princess Mermaid Sweets Buffet"21.6.2018 14:05Pressemelding

Keio Plaza Hotel Tokyo (KPH), one of Japan’s most prestigious international hotels located in Shinjuku, Tokyo, will host the “Princess Mermaid Sweets Buffet” in commemoration of the fairy tale written by the Danish author Hans Christian Andersen at our All Day Dining Restaurant “Jurin” from July 1 (Sunday) to September 30 (Sunday), 2018. This year’s buffet will offer a wide range of colorful desserts based on the “deep blue color of the cornflower” and other various flowers specially prepared by our patissiers and patterned after various sea creatures reminiscent of characters portrayed in the Little Mermaid fairy tale. Some of delectable desserts include clams made of chocolate and “deep sea mousse” made in a colorful blue using passion fruit and pineapple flavorings. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180621005383/en/ A wide range of colorful desserts based on the deep blue color and patterned after various sea

Clearhaus gir norske nettbutikker Apple Pay 21.6.2018 13:35Pressemelding

Apples mobilbetalingstjeneste, Apple Pay, har nettopp blitt lansert i Norge. Banker som Santander og Nordea er de første som introduserer tjenesten til norske forbrukere. Samtidig sørger den danske innløsningsvirksomheten Clearhaus for å gjøre den innovative, nye betalingsmetoden tilgjengelig i norske nettbutikker. Mobillommebok-teknologi som Apple Pay endrer hvordan folk kjøper og selger varer i butikker, i apper og på nettet. Apple Pay drives av Visa- og Mastercards tokeniseringsteknologi. Tjenesten gjør det mulig for iPhone-, Apple Watch-, iPad- og Mac-brukere å betale for varer på en enkel og sikker måte. Ved bruk av Apple Pay på nettet, trenger ikke forbrukere lenger å taste inn 16 kreditt- eller debetkortsiffer, utløpsdatoer og sikkerhetskoder. Etter å ha gjennomført et enkelt engangsoppsett med et kreditt- eller debetkort, kan brukere enkelt foreta kjøp i fysiske butikker eller i nettbutikker. Dette gjøres ved å plassere fingeren på touch id-platen eller ved å bruke ansiktsgjenk

Wipro Positioned as a Leader in Gartner’s Magic Quadrant 2018 for Oracle Application Services, Worldwide21.6.2018 13:22Pressemelding

Wipro Limited (NYSE: WIT) (BSE: 507685) (NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been positioned as a Leader in Gartner’s Magic Quadrant 2018 for Oracle Application Services, Worldwide. The report authored by Alan H Stanley, Susanne Matson, Jim Longwood and Allan Wilkins was published on February 28, 2018. This Magic Quadrant is focused on the full life-cycle of Oracle application services, spanning across project-based implementation and multi-year application management services (AMS). The report evaluated 19 service providers from across the globe and placed Wipro in the Leaders quadrant. Wipro is positioned the highest for its ‘ability to execute’ among all service providers. Please click here to view the complete Magic Quadrant report for Oracle Application Services 2018, Worldwide. Additionally, Wipro has been positioned in the Top 3 for three use cases namely, Implementation services, Man

Seoul Semiconductor Captures the Home Lighting Market with Its Innovative LED SunLike Technology21.6.2018 13:00Pressemelding

Seoul Semiconductor Co., Ltd. (KOSDAQ 046890), a market leader in LED (light emitting diode) design and manufacturing, has launched into the global home lighting market with its innovative LED technology “SunLike.” This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180621005553/en/ Seoul Semiconductor, a market leader in LED design and manufacturing, launched into the global home lighting market with its innovative LED technology SunLike. SunLike implementing a spectrum similar to sunlight by lowering the blue light wavelength compared to an ordinary LED. (Graphic: Business Wire) Seoul Semiconductor announced that Mimi Lighting, a Korean LED lighting company, applied an innovative technology SunLike to the company’s home lighting products, which to be launched in the 3Q. SunLike applied to this home lighting is a natural light LED, which minimizes the disadvantages of artificial lighting and maximizes the advantages of natural l

MYbank Launches Star Plan to Support 1,000 Financial Institutions to Serve 30 Million SMEs in the Next Three Years21.6.2018 12:56Pressemelding

MYbank, a leading online private commercial bank in China with a focus on SME financing, today announced the launch of the Star Plan to open up its proven AI, computing and risk management capabilities to financial institutions in China. Through sharing these technological capabilities, MYbank aims to enable 1,000 financial institutions to provide more cost-effective financing services to 30 million SMEs and farmers in China in the next three years. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180621005666/en/ Announcing the launch of the Star Plan at the 2018 SME Financing Summit in Hangzhou, Eric Jing, Chairman of MYbank, Executive Chairman and CEO of Ant Financial, said, “The widespread application of advanced technologies in the SME financing space has dramatically improved risk management and lowered costs. With these innovations, we can unlock new opportunities for financial institutions and enable them to sustainabl

IFA 2018 : LG CEO and CTO to Outline Ambitious Strategy for ThinQ AI at IFA Opening Keynote21.6.2018 12:28Pressemelding

LG Electronics (LG) Chief Executive Officer Jo Seong-Jin and Chief Technology Officer Dr. I.P. Park will deliver a joint opening keynote at IFA 2018 to outline their vision for LG’s ThinQ strategy for Artificial Intelligence. The first IFA keynote for both executives, titled Think Wise, Be Free: Living Freer with AI will be delivered on Friday, August 31, in Hall 26b at Messe Berlin. With interest in all things AI at a peak, CEO Jo will provide his insight into how LG’s AI strategy will change customers’ lives based on its unique philosophy of an “open platform, open partnership and open connectivity”. Dr. Park will show how this technology comes to life in everyday products like refrigerators, TVs and washing machines, and how LG’s open AI strategy benefits consumers thanks to its focus of giving them both control and convenience. “The IFA Keynotes provide CEOs and top executives with a global media platform for forward thinking ideas and strategies,” said Jens Heithecker, Messe Berli