The Compliance Management and Reporting System (CMRS) from Sapient Global Markets can now facilitate portfolio reconciliation.
CMRS allows firms to collate data from disparate systems, apply reporting eligibility logic, translate it into the destination message format, and deliver it directly to swap data repositories (SDRs).
The new functionality that allows firms to leverage CMRS in order to alert users to changes in given portfolios by comparing descriptions of the portfolio content provided by each participant. CMRS establishes a common enterprise platform to manage and publish reporting requirements to various regulatory agencies. It enables customers to configure reporting rules, manage varied data sources, apply filtering, exception and aggregation rules and configure destination reports in the required format. It also allows clients to trace and track data being reported throughout the compliance reporting lifecycle, providing visibility into compliance positions at any point in time.
"The additional functionality of portfolio reconciliation is a natural extension of the CMRS platform and is essential given heightened global regulatory pressures and a more complex market model where some derivatives trades will be centrally cleared while others remain bilaterally traded," says Arun Karur, VP of Sapient Global Markets. "CMRS enables our clients to further centralize their external communications and compliance efforts to achieve a single view of their compliance status combined with a streamlined method for identifying trades to be reported and translating data from multiple sources into the format required by each of the different regulators."
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails