Thomas Murray Data Services has launched a range of products to provide a complete risk solution to work with the impending Alternative Investment Fund Managers Directive (AIFMD) for depository banks.
The group is in talks with other global banking groups throughout Europe, where they will provide a similar service, according to Simon Thomas, CEO of Thomas Murray Data Services.
"Monitoring of a bank's entire post-trade network is a time consuming and complicated process, as a lot of depositary banks are realising in their efforts to comply with AIFMD," said Thomas.
He says that “many [banks] are choosing to utilise the services that firms such as ours provide.”
“Thomas Murray Data Services total risk solution provides a robust solution for banks and removes the time and much of the cost of market and counterparty monitoring processes in-house," he added.
The group has also recently bolstered its information services to include AIFMD market profiles.
