Trade compliance is a growing concern with regulators, to that end, Solutions Atlantic has introduced Pre-trade Decision Assistance to enable its clients to test trades before committing to them.
Once again, Solutions Atlantic is paving the way in the shareholding disclosure automation space with its newly released Pre-trade Decision Assistance (PDA) capability. The company today announced the release of PDA as part of its flagship product, the Regulatory Reporting System.
Global shareholding disclosure obligations continue to present real challenges to financial institutions that find themselves with little resources to manage the growing number of reporting requirements. Most recently the Amended Transparency Directive out of the European Union has caused considerable amount of reporting angst among market participants that have to manage the regulatory requirement at both the EU level and the individual country level. Most financial institutions would like to proactively manage their disclosures but limited resources and internal processes haven’t allowed that until now.
Having been a leader in the automation of shareholding disclosures since 2001, Solutions Atlantic in partnership with one of its New York based hedge fund clients, developed Pre-trade Decision Assistance capability to get ahead of disclosure obligations. PDA analyses proposed trades to determine their Shareholding Disclosure consequences.
“First in the market, first to enable users to develop and introduce their own rules, and first to deliver pre-trade decision support – revolutionizing the industry – it’s what our customers expect from us,” said Mitchell Greess, CEO of Solutions Atlantic. “I’m really proud of our team and really excited for our customers who want to utilize this great technology.”
Pre-trade Decision Assistance will enable firms to proactively manage disclosure obligations and in the case of hedge funds – keep their investments out of the public eye. Read more
The recent dramatic spike in the number and complexity of regulatory reporting guidelines, has left buy-side firms and administration companies worldwide scrambling to keep up with changes in order to minimize risk and avoid costly filing errors. Recent independent surveys show that one of the main challenges buy-side participants face today is adapting to new regulatory requirements. The Linedata 2016 Global Asset Management and Administration survey reports that 58% of participants cite regulatory compliance as a top challenge facing their firm. In a recent INDATA survey, clients named compliance as their top data management priority. Just this past February, the Securities and Futures Commission in Hong Kong censured a large investment bank for breaches of its Takeover Code.
According to Mitch Greess, CEO of Solutions Atlantic, a company that specializes in automating the workflow to accurately address global shareholding disclosure obligations in over 85 countries, the companies that will manage through this complex and rapidly evolving regulatory environment most successfully are the ones who can keep things simple, and focus on top priorities. Following are his Top 5 recommendations for navigating today’s rapidly evolving regulatory environment. Read more
Leading the way for shareholding disclosure automation for more than a decade, Solutions Atlantic today announced, that it has signed a multi-year deal with a large investment management firm with nearly $400B in AUM for its Regulatory Reporting System (RRS).
Shareholding disclosure obligations can present challenges for even the most informed and resourced compliance department. These challenges grow each time the firm invests in a new jurisdiction; for large institutions, monitoring the changing regulations, adapting manual processes and systems, and meeting regulatory deadlines can become overwhelming. At some point throwing additional resources at the problem just isn’t enough.
After conducting a thorough vendor analysis, the client chose RRS to effectively and reliably manage its shareholding disclosure obligations. The client cited Solutions Atlantic’s extensive expertise, market leadership and product stability as determining factors in their selection of RRS. “This is how we like to start the year off,” said Mitchell Greess, CEO of Solutions Atlantic. Read more