Fund Recs at the moment introduced that its Velocity platform will automate EMIR reconciliations for Neuberger Berman, a non-public, impartial, employee-owned funding supervisor with $418 billion in shopper belongings.
Finishing an EMIR commerce reconciliation is integral to having efficient oversight in place on the EMIR reporting course of. Regulators are focusing closely on knowledge high quality and corporations want to make sure they’ve adequate oversight in place to verify that reported trades are full and correct.
Fund Recs’ EMIR Reconciliation resolution helps the oversight course of and offers corporations the consolation their reporting meets an appropriate customary for the regulator. Fund Recs purchasers profit from being supported by a extremely responsive and educated crew to make sure their regulatory wants are being met.
Fund Recs’ EMIR Reconciliation resolution is a part of the Velocity platform. Velocity is a set of cloud-based software program modules that helps Funding Managers, third Social gathering ManCos, AIFMs and Fund Directors to realize straight-through reconciliations and knowledge processing of their center and again workplaces.
Alex Duncan, EMEA Operations Director at Neuberger Berman mentioned “We have been searching for a supplier who was in a position to help our continued drive to implement finest at school options to fulfill our regulatory reporting obligations. Particularly for EMIR reporting, and given the broad nature of our enterprise, we have been searching for a accomplice to automate our oversight of delegated reporting throughout a variety of funds and segregated accounts. Fund Recs have each the platform and the individuals to fulfill our wants.”
Fund Recs CEO, Alan Meaney, mentioned: “Neuberger Berman are a pacesetter within the funding administration business, and we’re delighted they’ve chosen Fund Recs to help their oversight obligations for EMIR. At Fund Recs, we’re seeing accelerating curiosity and adoption of our regulatory options supporting EMIR, SFTR and ASIC. Knowledge high quality is a prime precedence for regulators globally and corporations wish to platforms, like our personal, to strengthen the compliance and governance round their reporting course of.”