The World Never Stops Spinning - Product Developments in Securities and Fund Services

Many organisations undertaking the management of assets may well agree that the last few years have been a challenge when considering how to apply finite IT and operational development budgets to enhance their business.

For some, the reality is that there simply isn’t enough budget to even consider enhancements to current processes and the supporting technical architecture.

There appears to be never-ending requirements to address regulatory demands associated with a multitude of directives such as: the Alternative Investment Fund Managers Directive (AIFMD) (although the deadline by which funds must apply for status as an Alternative Investment Fund Manager (AIFM) is now upon us) - the European Markets Infrastructure Regulation (EMIR), aimed at reducing risk and increase transparency in the over-the-counter (OTC) derivatives market - Foreign Account Tax Compliance Act (FATCA) that will impose significant penalties on foreign financial institutions that fail to agree to conduct due diligence on all investors is affecting many organisations and the Capital Requirements Directive (CRD IV) are just a few initiatives that require significant investment in time and money.

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