ATP joins clients successfully live on SimCorp’s cloud-based SFTR solution, as the regulation enters its third phase - Seite 2

ATP joins a growing number of clients choosing SimCorp to meet their SFTR reporting needs. Earlier this year German asset manager Ampega, a long-standing SimCorp client, also went live with the solution in the second phase of the regulation, on October 12, covering security lending, including tri-party collateral, and repos.

Alexander Pfeil, Team Lead Business Operations at Ampega comments: “For Ampega, the extension for the platform to include SFTR reporting, seemed a natural next step, having come to rely on SimCorp’s regulatory services and solution for EMIR reporting. As a result, we have quickly realized additional value, particularly where we can address the complexity of tri-party collateral operations. SimCorp’s Regulatory Center of Excellence has shown incredible knowledge and expertise on the technical details of SFTR reporting requirements and has been a huge support to our team. Combined with their established delivery of regulatory services, we have been guaranteed hassle-free reporting from the start. Shortly after reporting commenced , we were already able to focus on the finer details of exception management, including working with our counterparties to resolve reconciliation errors.

Gernot Schmidt, Product Manager for Regulatory Solutions, SimCorp comments: “We are pleased to welcome ATP and Ampega to a growing number of buy-side firms choosing SimCorp’s Regulatory Reporting Platform. By delivering the solution through a highly automated and consolidated platform, we were able to accommodate our client’s specific needs around the complex areas of tri-party collateral data and re-use. From early on, the industry understood the data challenges that SFTR would bring and we designed our solution to offer flexibility for sourcing the data, without needing to redesign established operational processes. Additionally, with Brexit concluded, we can now see in action the value of fusing together cloud technologies and managed services. It’s already clear, that SFTR UK and SFTR EU will diverge sooner rather than later, and our offering saves clients the headache of dealing with this complex problem. This goes beyond cost efficiencies, and enables firms to concentrate on achieving alpha and employing key experts to add value in the investment process”.