|By Business Wire||
|September 12, 2012 03:00 AM EDT||
Confluence, a leading provider of automated data management solutions for the investment management industry, announced today a new webinar that will address upcoming regulatory changes and their impact on fundamental operations for fund administrators, both in the U.S. and Europe.
The complimentary webinar, “Fund Reporting and the Pace and Impact of Regulatory Change,” will take place on Thursday, 13 September 2012 at 2 p.m. British Summer Time (BST), 3 p.m. Central European Summer Time (CEST), 9 a.m. Eastern Daylight Time (EDT). Attendees can register at www.confluence.com/GETCONTROL.
Alain Guérard, Managing Director at ManagementPlus, will provide expert commentary and moderate the webinar panel. Bob McDowall, Director of UbiCap Group Ltd., Charles Muller, Partner at KPMG in Luxembourg, and Melvin Jayawardana, Confluence’s European Fund Administration Product Manager, will discuss the global impact of shifting reporting requirements. Specifically, the group will discuss how these approaching reforms will require fundamental operational changes for fund administrators as organizations assess the new costs of transparency.
“We are at a time of unprecedented regulatory reform for the financial industry – the impact of which is being felt on a global basis,” said Jayawardana. “For fund administrators, this means having to consider not just the pace of new regulations, but also impact of regulations on their operations. Balancing these growing reporting demands with the need for increased efficiency and control is the challenge these administrators will have to meet in order to remain successful.”
Regulations the panelists will discuss include:
- Alternative Investment Fund Managers Directive (AIFMD);
- Undertakings for Collective Investment in Transferable Securities Directives (UCITS);
- Dodd-Frank Wall Street Reform and Consumer Protection Act;
- Foreign Account Tax Compliance Act (FATCA); and
- Markets in Financial Instruments Directive (MiFiD 2).
The webinar is designed to provide insight on these challenges to fund administrators, fund sponsors and financial technology leaders.
Founded in 1991, Confluence is a global leader in fund administration automation. Confluence helps investment management companies gain unprecedented control by automating every step of the fund administration process—including the collection, creation, confirmation, and delivery of investment product data. Results are lower costs, reduced risk, decreased reporting turnaround times, and the scalability to automate more processes without additional resources. Confluence solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. The Unity® platform from Confluence addresses a wide range of problems from performance measurement to customized reporting for a full array of domestic and international managed investment products, including mutual funds, funds of funds, collective funds, separate accounts, and variable products, as well as hedge funds and other alternative investments. Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with key locations in San Francisco, CA, London and Luxembourg. For more information, visit www.confluence.com.