Thu, 21/11/2013 - 11:54
Linedata has recently upgraded four Luxembourg-based custodian and fund administrator clients to the latest version of Linedata Compliance.
Leveraging Linedata Compliance for its breach management and stronger internal controls through a maker/checker (four eyes) review process, investor service providers are able to take advantage of full audit trails and enhanced rule and formula builders.
Superior historical breach views allow custodians and administrators to review and compare results for historical periods of time alongside current breach management reports.
As regulators continue to increase their level of scrutiny into alternative investments, the forthcoming AIFMD regulations place an additional burden on alternative managers and their service providers. Linedata has a comprehensive AIFMD solution already in production that automates compliance with these new regulations.
“With Linedata Compliance, we have confidence in the controls we apply to our clients’ regulatory and statutory constraints. All of our funds are automatically monitored with a full audit trail. Passive breaches are managed using structured workflows reflecting each client’s unique processes, ensuring they are able to satisfy their mandates. This way, using daily post-trade compliance, we are proactive in managing our breaches upfront as well as against breaches that would have a material impact,” says Jean-François Fortemps, managing director of MUGC Lux Management SA, the Management Company of Mitsubishi UFJ Global Custody (MUGC) Luxembourg.
“For over 13 years we have worked with our Luxembourg-based clients and we recognise their need to provide competitive services to their asset management clients and investors. As they look to technology to differentiate themselves and streamline costs, Linedata Compliance is well positioned to provide the performance and stability they require,” says Robin Strong, director of new business and client strategy, EMEA at Linedata. “With clients running up to 1000 reports an hour and audit requirements for daily controls, Linedata continues to strengthen its compliance workflows to meet these challenges.”
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