Global Markets Exchange Group-backed GRC has announced a partnership with Kyriba, enabling the vendor's clients to implement a reporting system that complies with European Market Infrastructure Regulation (Emir) requirements.
Kyriba supplies cloud-based treasury offerings to its clients, who will be able to use GRC's end-to-end platform to meet the reporting mandates, due in mid-February.
"Many of Kyriba's clients are EMEA-headquartered or have operations in Europe, and a large number of these organisations trade in derivatives," says Rémy Dubois, EVP and managing director at Kyriba EMEA. "Thanks to this partnership with GRC, our clients can now be fully compliant with the upcoming Emir regulation, without the need to either develop expensive and complex custom projects for direct trade reporting, or be stuck with the inflexible option of delegating reporting to bank counterparties."
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