BlueBay Asset Management has selected Confluence’s Unity NXT regulatory reporting solution to automate its data reporting processes.
The solution will ensure that data will comply with current regulatory demands as well as anticipating future regulations.
Unity NXT regulatory reporting solutions will solve complex data aggregation and reporting challenges, including those associated with Alternative Investment Fund Managers Directive (AIFMD), Form CPO-PQR and Form PF reporting.
Asset managers across Europe face increasing challenges because of data integration, data reporting problems and regulatory demands. These solutions will help asset managers with completeness, accuracy and control over each respective reporting process.
Simon Lumsdon, global head of technology at BlueBay, said: “As part of our drive to automate our regulatory reporting solutions, we wanted a platform that would allow us to fulfil not only our current AIFMD, Form CPO-PQR and Form-PF reporting obligations, but also allow us to meet future obligations.”
“We chose Confluence because of their expertise and their known track record in helping the industry adapt to changing regulatory requirements.”
Commenting on the new AIFMD and its pending 22 July deadline, Hugh Byrne, managing director of Europe, Middle East and Africa business development, at Confluence said: “Increasing fund management regulation is proving to be a technical challenge for the fund industry. Asset managers are looking to lower costs and reduce time spent whilst increasing accuracy and control when reporting on the fund’s data.”
“We are delighted that BlueBay Asset Management has selected the Unity NXT regulatory reporting solutions and will work with them to create more efficient reporting to align with current and upcoming regulatory requirements.”
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