InsurTech and banking company VERMEG has launched Colline.Cloud aimed at aiding smaller buy and sell-side firms just as trade regulations are about to get tighter.
VERMEG explained that the global regulations for uncleared derivatives (UMR) was supposed to be moving to phases five and six, but that the pandemic has delayed the implementation until September 2021.
The firm argued that the delay will give smaller asset managers and investment banks more time to prepare and have the opportunity to find a strategic solution that not only meets the regulatory requirements but enables them to review total cost of collateral and improve collateral management efficiency.
That’s where Colline.Cloud comes in. It is an end-to-end collateral management service.
“The delay to phase five and six of the UMR provides a vital window for small to medium sized firms to think strategically about how they will meet the regulation,” said Helen Nicol, global product director of collateral solutions at VERMEG. “With a more efficient collateral management solution like Colline.Cloud, they will not only tick the regulatory box, but it could also improve business performance by providing a sustainable and flexible cost structure and removing the need for burdensome IT infrastructure.
“Colline.Cloud is developed from our deep collateral management expertise and we’re constantly innovating to provide clients, both big and small, with solutions that are quick to implement, easy to use and are more time and cost-efficient.”
Copyright © 2018 RegTech Analyst
