Northern Trust Sets Up Delegated Reporting with Sapient
With the new system, Northern Trust will be able to provide services that are compliant with both the Dodd-Frank Act and the European Market Infrastructure Regulation (EMIR), both of which govern derivatives reporting.
"We're very excited, this is actually the first implementation of CMRS as a hosted solution ─ a cloud solution ─ for Northern Trust," says Brian Slutz, director at Sapient Global Markets, based in Chicago. With an implementation time of around two months before the February
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