Confluence’s ESMA Regulatory Reporting Solution Chosen by UK Asset Manager
Summary
The asset manager will use Unity NXT® Regulatory Reporting to satisfy the complex disclosures required under the new European Securities and Markets Authority (ESMA) Money Market Fund Regulation (MMFR) and will use Revolution, a cloud-based platform, across its fund range as an investment risk and compliance oversight tool and to produce stress tests in line with evolving ESMA regulatory requirements. “Our new client needed a robust solution to satisfy MMFR, but also wanted to improve on the independence of its risk and compliance functions, coupled with enhanced reporting capabilities,” said Confluence’s President and Chief Operating Officer, Todd Moyer. Today’s announcement shows that asset managers have taken notice and are beginning to avail themselves of the expanded solutions we now offer.” Revolution is a cloud-based platform, offering vital analysis of portfolio performance, attribution, risk and compliance. With the recent acquisition of StatPro, Confluence offers its clients a broader range of data-driven managed investment solutions, including post-trade regulatory and shareholder reporting, performance and attribution, portfolio analytics, asset data services and data management, delivering a full technology suite to the front, middle and back office. Headquartered in Pittsburgh, PA, Confluence services over 400 clients in 39 countries, with locations across Europe, North America, South Africa, Australia and Asia.
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