AIFMD 

High quality reference data and the ability to accurately evaluate exposure to asset types across the organisation is key to AIFMD. The SmartStream Reference Data Utility is a managed service that delivers complete, accurate and timely reference data for use in critical regulatory reporting and risk management operations. A simple and cost effective source of data that you can rely on. 

For financial organisations who need to manage their exposure by the size of their operations, SmartStream has a suite of solutions which can help with these processes such as client reporting and balance sheet substantiation.

Basel II 

SmartStream’s TLM SmartRecs facilitates the rapid onboarding of reconciliations to help institutions overcome the backlog of reconciliations resulting from regulatory initiatives. 

Basel III

High quality reference data and the ability to accurately evaluate exposure to asset types across the organisation is key to Basle III. The SmartStream Reference Data Utility is a managed service that delivers complete, accurate and timely reference data for use in critical regulatory reporting and risk management operations. A simple and cost effective source of reference data that you can rely on.

Basel III alongside BCBS 144 & 248 requires banks to be able to measure and manage their liquidity across an intraday, 30 day and over a one year horizon. SmartStream’s Cash and Liquidity Management solutions deliver a view and the tools to actively manage a bank’s liquidity as well as product regulatory reports. Meanwhile, SmartStream’s TLM SmartRecs facilitates the rapid onboarding of reconciliations to help institutions overcome the backlog of reconciliations resulting from regulatory initiatives. 

BCBS 239 

Excellent data governance is built upon strong foundations with a complete, accurate and timely security master. The SmartStream Reference Data Utility (RDU) provides a simple and cost effective solution to source and maintain critical instrument reference data that you can build your strategy around.

SmartStream’s solutions manage transactions from trade inception through to settlement on a single platform. This supports a more efficient automated data aggregation model ensuring the accuracy and integrity of risk reporting. Meanwhile, SmartStream’s TLM SmartRecs facilitates the rapid onboarding of reconciliations to help institutions ensure completeness and overcome the backlog of reconciliations resulting from regulatory initiatives. 

The BCBS 239 requires that data is collected and aggregated correctly for liquidity and operational risk and reporting. SmartStream´s Cash and Liquidity Management solutions support banks in reconciling all transaction and data types, making sure data used for risk management purpose is fully reconciled, so that informed liquidity funding and investment decisions are made. 

Dodd-Frank 

A key requirement in the Dodd-Frank Act is the reconciliation of OTC derivatives. In response, SmartStream delivers pre-built Reconciliations solutions and workflow management in TLM Trade Process Management for OTC Derivatives, which manages the trade and its process legs across the lifetime of the trade. 

TLM Collateral Management supports the evolving requirements arising from Dodd-Frank. All firms can benefit from its portfolio management, reconciliation, dispute workflow, reporting, limit and threshold monitoring, as well as its ability to classify counterparties and product types in order to manage the margining of cleared and bilateral transactions. 

EMIR 

A key requirement for EMIR is the reconciliation of OTC derivatives. In response, SmartStream delivers pre-built Reconciliations solutions and workflow management in TLM Trade Process Management for OTC Derivatives, which manages the trade and its process legs across the lifetime of the trade. 

TLM Collateral Management supports the evolving requirements arising from EMIR. All firms can benefit from its portfolio management, reconciliation, dispute workflow, reporting, limit and threshold monitoring, as well as its ability to classify counterparties and product types in order to manage the margining of cleared and bilateral transactions. 

Reference data for derivatives is critical to the EMIR reporting lifecycle. The SmartStream Reference Data Utility is a managed service that delivers complete, accurate and timely reference data for use in critical regulatory reporting and risk management operations. A simple and cost effective source of reference data that you can rely on. 

ESMA 

ESMA is committed to bringing transparency to the trading of financial products. The SmartStream Reference Data Utility is a managed service that delivers complete, accurate and timely reference data for financial products for use in critical regulatory reports or trade reports. A simple and cost effective source of reference data that you can rely on. 

Organisations bound by the trade reconciliation rules and tolerances defined by ESMA use SmartStream’s Reconciliations solutions to manage all of their matching and reporting requirements. TLM SmartAnalytics performs deep analysis of the breaks and helps to identify poorly performing products or counterparties.

Fatca 

SmartStream’s TLM Corporate Actions facilitates a Financial Institutions reporting tax obligations of global income received from corporate actions by US persons. 

IOSCO 

TLM Collateral Management has been designed to handle the new business practices arising out of IOSCO, such as Central and Client Clearing, Group Thresholds, support for net and gross initial and variation margins, currency-based margining, mismatch haircuts, wrong-way risk and asset concentration management, rehypothecation tracking plus flexible interfaces that can be configured as regulations and best practices evolve. 

KYC/AML 

Know Your Customer and related Anti Money Laundry regulations continue to put a tight grip on businesses. In particular prepaid card issuers and co-brand issuers need to document that the end customer has passed all checks. The same applies for remittance processors, P2P payment/lending platform providers, and effectively any player that ‘touches’ consumer payments and funds transfers. Corona enables issuers to detect issues as well as to resolve them in an automated, controlled and audited way. 

MIF 

The EU-wide MIF-regulation imposes a ceiling limit of 0.3 percent on credit-card interchange receivable by the credit card issuer (down from approx. 1.0 percent). Industry-experts predict an overall drop in issuers’ revenues of up to 50 percent, as a consequence issuers will need to streamline and control their processing operations and related cost-base. Corona helps issuers automate all control processes thereby taking out a large part of the traditional manual cost as well as mitigating operational risks and losses. 

MiFID II and MiFIR 

MiFID II and MiFIR transparency obligations require access to significant quantities of reference data for each financial product that is traded in Europe. The SmartStream Reference Data Utility (RDU) provides all of the reference data that you need for pre-trade price transparency, post-trade reporting and transaction reporting in a simple to use form either as a file or through a set of APIs. The RDU will determine ToTV, interact with ANNA DSB, reconcile ESMA, ANNA and CFI classifications and return all of the reference data that you need.

MiFID II and MiFIR extend current regulations, with greater controls and governance across all instrument types traded on behalf of clients, as investment intermediaries, and the organised trading of financial instruments. The new, wider set of mandatory data to be validated and reported is just one of the more testing regulations impacting Central Counterparties, trading venues and clearing members that SmartStream’s Reconciliations solutions can resolve. 

PCI DSS 

The payment card industry standards for data security address the growing number of consumer devices and authentication methods, such as biometrical identifiers. This ever-increasing variety of payment methods makes it more difficult for issuers and acquirers to reconcile customer authenticity and transactions. Corona provides full transaction lifecycle control, from transaction generation to authorisation and settlement independent of the form factor and authentication method used. 

PSD II 

The Payment Services Directive (PSD) II is targeted towards payment initiation services and access to account services (XS2A). Typical use cases request proof that the user has access to the account they want a direct debit payment to be drawn from. Additionally, any post-pay provider and lender can read the user’s account history and make analysis on account movements and balances for reasons of risk management and scoring - making application processes seamless, and increasing customer conversion. Corona provides the necessary tool to reconcile and monitor processes and transactional content, whilst tracking exceptions and process breaks. 

Solvency II 

High quality reference data and the ability to accurately evaluate exposure to asset types across the organisation is key to Solvency II. The SmartStream Reference Data Utility is a managed service that delivers complete, accurate and timely reference data for use in critical regulatory reporting and risk management operations. A simple and cost effective source of reference data that you can rely on.

Solvency II requires firms providing insurance to prove the quality and accuracy of the data being used by their internal models. This has a knock-on effect throughout the firm as internal departments are required to change processes, structures and systems to ensure transparency throughout the entire data lifecycle. SmartStream’s Data Management Services provide high quality and fully audited data to assist firms in preparing correctly for Solvency II.