Dublin-based investment data management solutions provider MoneyMate says its Fund Price & Information Exchange (PIE) will provide look-through and reporting to help managers interact with insurers in meeting the demands of Solvency II.
The utility will provide a centralized depository that normalizes and stores data from managers before it is permissioned to be distributed to insurance clients, providing a secure environment for the look-through. An identification service is also provided for managers, helping them determine which investors are in funds with high capital ratio requirements, and design strategies with "Solvency II-friendly" products to meet their needs.
"Our look-through and reporting utility provides an industry-connected infrastructure and tackles the fundamental challenges for asset managers, third-party administrators and their insurance clients under Solvency II: data ownership, opaque investment structures and security for intellectual property. A landscape-altering regulatory move like this requires a completely new model," says MoneyMate CTO Ronan Brennan.
Anthony and James delve into how the systematic internalizer regime is shaping up, and then examine the regtech sector.Subscribe to Weekly Wrap emails