Innocap selects Fund Recs to deliver EMIR Solution
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Innocap selects Fund Recs to deliver EMIR Solution 04 April 2024Ireland Reporter: Jack McRae
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Innocap has selected Fund Recs to deliver both its European Market Infrastructure Regulation (EMIR) and Securities Financing Transactions Regulation (SFTR) reconciliation solutions.
Fund Recs' dual solution will support Innocap's EMIR and SFTR related data management and operational workflows. They say this will streamline reporting processes to improve both efficiency and compliance.
Alan Meaney, CEO of Fund Recs, comments: “This alliance underscores our commitment to providing comprehensive compliance support. We look forward to working closely with Innocap, helping them to navigate the regulatory landscape with confidence and efficiency.”
The collaboration is designed to respond to regulatory updates in EMIR Refit and the introduction of SFTR.
Andrew Savino, chief risk officer at Innocap, adds: "Fund Recs’ knowledge of EMIR and SFTR has allowed us to focus more on the execution of our regulatory data operations strategy, with Fund Recs’ subject matter expertise and support."
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