Global Fund Services Provider Selects AQMetrics for UCITS Monitoring and Regulatory Reporting
A leading offshore law firm and global fund services provider operating in key financial centres across the Americas, Europe, Asia and the Middle East, approached AQMetrics in 2020 looking for a single platform for UCITS investment breach monitoring and multi-jurisdictional Alternative Investment Funds and Private Funds regulatory reporting.
The Solution
A new approach to UCITS risk monitoring and multi-jurisdictional regulatory reporting
The firm’s team sought a provider that could produce periodic risk and regulatory reports at scale and in multiple easy to access formats. The team was looking to replace its investment breach monitoring tools, and to integrate investment breach monitoring with a multi-jurisdictional regulatory reporting solution.
They wanted to remove time delays through greater automation and self-service data management. Before using AQMetrics the team spent many hours rectifying data anomalies and rerunning VaR or risk control reports.
In particular, their team was in need of an operationally efficient, robust and scalable technology solution that would save both time and effort.
In addition, they sought flexibility in their risk reporting, and were looking for a solution that would allow them to both configure investment breach monitoring rules and to run daily risk reports. As a result, a compliance workflow, allowing them to demonstrate an automated and systematic compliance process, was a must.
The Results
AQMetrics in-depth understanding of multi-jurisdictional regulations, its best in class technology, and its team of highly experienced regulatory risk and technology professionals, provided the firm with a single solution that met both their UCITS (registered) funds risk monitoring and multi-jurisdictional alternative funds regulatory reporting needs.
AQMetrics migration methodology enabled them to migrate their UCITS, Registered and Alternative Investment Funds to the AQMetrics platform in a matter of months. Data management soon became seamless, eliminating manual processes.
The automated UCITS investment breach monitoring and automated AIFMD and Form PF report workflows enabled their team to shift their focus to higher value added services for their clients. Because of this, they were better positioned to win more new clients too.
They could now offer their global clients an efficient, effective and secure platform for both investment breach monitoring and multi-jurisdictional regulatory reporting.
