| A
consistent Data Management for MiFID |
MiFID-
the Markets in Financial Instrument Directive is a new
European regulation that is to be applied as from 1
November 2007. This new regulation will significantly
affect investment business including Investment Banks,
Portfolio Managers, stockbrokers and broker dealers. |
|
| SWIFTNet
Phase 2 get ready for RMA |
|
SWIFTNet
phase 2 is improving security and taking relationship
management to a new level. With SWIFTNet phase 2, BKE
has to be replaced and it will be substituted by a new
Relationship Management Application (RMA) by 2008. |
|
| Compliance
to SEPA ? |
The
European Commission is putting high pressure on financial
institutions with SEPA realisation for 2010. Most
of the European banks have to re-engineer their payments
applications in order to merge Euro domestic and Euro
Cross-border channels.
|
|
| Reduction
of operational Risks |
Financial
institutions struggle to achieve Straight Through
Processing across all business lines from front to
back-office. In a number of organisations manual processing
of reconciliations and exceptions continues to use
up a disproportionate amount of resources.
|
|
| Funds
Industry in transformation |
|
The
funds industry is victim of its success and the distribution
side is suffering of lack of standardisation and manual
processes. In the investment funds distribution process
non-structured messages like FAX represent an operational
risk exposure for all actors. Based on the new ISO 20022
XML SWIFTNet Funds is a new SWIFT messaging standard
tailor-made to the needs of the investment funds distribution
players |
|