Ronald Knecht

Swiss financial expert SIX has announced a partnership with SimCorp, wherein, Six’s Sanctioned Securities Monitoring Service will allow SimCorp’s clients to access up-to-date global sanctions data directly from SIX. It is expected to enable compliance officers to detect breaches against the supported sanction regimes pre and post-trade.

“As globalization continues, sanctions compliance has become increasingly complex. Many have limited their exposure by simply avoiding transactions with the sanctioned entities listed by global regulators, but firms also need to ensure they aren’t getting tangled up with associated entities and financial instruments,” said Phil Lynch, Head Markets, Products & Partners at SIX. “Expanding our relationship with SimCorp, an established global provider, delivers a data service that empowers clients to adapt quickly to regulatory demands and sanctions activity, helping them to trade with confidence.”

According to the supplier, the Sanctioned Securities Monitoring Service from SIX provides a list of entities and issued securities related to ‘watched’ individuals or organizations that have been sanctioned by regulators or government bodies.

Ronald Knecht, Global Solutions Owner at SimCorp adds, “With an award-winning global sanctions service from SIX, integrated directly in our core front-to-back platform, SimCorp Dimension, our clients are able to manage portfolio risk more accurately and effectively.”

SIX’s solution integrated into SimCorp’s Compliance Manager will see the data streamlined within workflows including compliance monitoring rates, key compliance metrics, risk analytics etc.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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