The new European overnight rate

The new European overnight rate

Guest contribution for PRMIAs “Intelligent Risk”


Since the aftermath of the GFC and the revelation of LIBOR manipulations, regulators are undertaking a fundamental review of the most important benchmarks and develop reform plans accordingly. In our latest article we look at the various challenges of the transition from Eonia to €STR. With the conversion of the reference interest rates, there is a need for action by every financial market participant. The expected transition from EONIA to ESTER at the beginning of October 2019 will stress the entire process chain. The challenges for the entire banking industry are substantial and intertwined. Action should start as soon as possible to cope with the major challenges. Read the full aricle here: http://bit.ly/2W2Ypv1

LPA

CapTech Group

AAAccell/LPA and Swisscom partner to provide simplified access to investment risk analysis

AAAccell/LPA and Swisscom partner to provide simplified access to investment risk analysis

Increased transparency for PRIIPs KIDs: Holistic and automated reporting reduces costs and gives clients a more competitive edge

The regulatory dynamics on the capital market will remain high over the coming years. In 2022, following approval by the European Commission and the European Parliament, the new Regulatory Technical Standards (RTS) for Key Information Documents (KIDs) of Packaged Retail Investment and Insurance-based Products (PRIIPs) with a revised performance calculation and different methods for calculating transaction costs will come into force. At the same time, the second stage of the Sustainable Finance Disclosure Regulation (SFDR) will become effective with the required provision of pre-contractual and annual ESG documents. In order to meet all requirements and maintain a competitive edge in the dynamic regulatory environment despite increased reporting efforts, it is now time for asset managers and their service providers to holistically reconsider their data management and reporting.

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