Compliance reporting under MiFID is anything but simple. RiskConcile provides you with the technology and functionality in an end-to-end solution to simply yet thoroughly meet your European MiFID Template (EMT) reporting obligations.
The types of information that the EMT carries include issues like target market definition, and ex-ante with inclusions on ex-post cost information. Thus, maintaining the accuracy, currency, and consistency of the EMT data is crucial to ensure accurate information flow towards the providers. The dynamic nature of the presumably heavy EMT in a huge spreadsheet can lead to operational issues. Moreover, harmonizing the document with other documents like PRIIP KIDs and EPTs could make it easier to be compliant. Also, post-Brexit transition, two versions of EMT now exist, adding yet more complexity to this regulatory landscape.
We offer flexible options to suit the needs of your organization, be it Managed Service or Software-as-a-Service (SaaS). Proceedings within our solution optimize an entire process themselves starting with data centralization through consistency checks, cost data additions and ending with EMT template generation. We simplify the management of this essential financial information. These outputs are easily accessible to the customer through a client portal that is user-friendly and easy to navigate. Stored in the cloud and guaranteed to ensure a compliance experience absent from hitches.
The team at RiskConcile is a collective of professionals with rich careers in the financial industry, including roles as ex-risk managers, asset managers, ex-MiFID, and ex-derivatives traders. This wealth of practical experience is a significant asset, enabling us to truly understand the challenges and subtleties of your specific financial products. As a result, our EMT solution is meticulously tailored to meet your exact needs.
At RiskConcile, our commitment to client orientation is paramount. We boast an in-house technology team that is always ready to customize our solutions to meet your unique requirements, ensuring you derive the maximum value from our services.
Our specialization in MiFID compliance reporting, particularly the complex requirements under MiFID II, positions us as experts in the field. We guarantee that your MiFID reporting is not only accurate and compliant, but also fully aligns with all regulatory standards.
We are committed to delivering EMT templates promptly. Our efficient turnaround time ensures that you can meet your MiFID I and II compliance reporting obligations without delay.
RiskConcile stands out with affordable pricing that offers a strong value proposition. Our pricing strategy reflects our dedication to providing premium MiFID compliance reporting solutions at a cost that respects your budget constraints.
At the outset, the data collection process is undertaken with great care. This step involves gathering pertinent financial information, product specifics, and any other relevant data necessary for MiFID compliance reporting. Keeping data accurate and regularly updated is crucial for the success of an EMT. We are dedicated to customizing our processes to integrate seamlessly with the client's specific file formats and operational models, facilitating a smooth and effective transition to automation.
Once data collection is complete, our PRIIPSLab engine takes over. This phase is the hub of activity, where all the detailed calculations and document creation occur. Our software is specifically designed to manage the complex calculations needed to produce an EMT template, ensuring accuracy and compliance throughout.
Following the processing phase, the output, which includes the revised EMT templates, is made available through our user-friendly cloud-based client portal. This critical step ensures that the generated documents are ready for submission to regulatory authorities on time, maintaining compliance with MiFID standards.
Our commitment to excellence continues well beyond the initial stages. In this ongoing phase, price data is automatically sourced through the administrator or another method established during the setup. RiskConcile conducts monthly calculations in the first half of each month, followed by the production and distribution of documents. Any changes to the EMT, such as updates to narratives and ongoing costs, should be promptly communicated to the RiskConcile Account Manager for immediate inclusion. This step ensures that your EMTs remain accurate, current, and fully compliant with MiFID standards, upholding accuracy and regulatory adherence.