New reporting capabilities for Silverfinch solution
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New reporting capabilities for Silverfinch solution 05 December 2016London Reporter: Stephanie Palmer
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Silverfinch has added new regulatory reporting capabilities to its data solution for Solvency II.
The solution will now also support reporting for the Regulation on key information documents for packaged retail and insurance-based investment products (PRIIPs) and the German Insurance Subervision Act and Large Exposures Regulation.
It is intended to help asset managers more easily conduct business across Europe, providing all the necessary look-through facilities in a single location.
The existing Silverfinch data-sharing model allows asset managers to more efficiently distribute data to clients throughout Europe, facilitating easier compliance with PRIIPs and Solvency II.
John Dowdall, managing director of Silverfinch, said: “Recent pronouncements from the Financial Conduct Authority along with the latest refinements to PRIIPS show the direction of travel for regulation; asset managers need to be able to provide more information, more rapidly and more accurately than ever before in order to stay in business.”
“Many of our asset manager clients have requested a complete solution to meet all their reporting needs across different jurisdictions and regulations. Our four-in-one approach not only cuts costs for our clients but also improves reliability and provides a more streamlined process.”
He added: “We will continue to review future regulations as they are created to make sure that the Silverfinch offering can continue to cater for a wide range of client requirements across different jurisdictions and for the individual regulatory bodies.”
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