Silverfinch and Fundsquare partner to provide Solvency II solution

Signing contractFund data utility Silverfinch and Fundsquare have formed an alliance to promote their Solvency II solutions across Europe. The Dublin-based Silverfinch and Luxembourg-based Fundsquare will jointly promote their "look-through" and "data utility" services, which are designed to help insurers and asset managers to meet the regulatory obligations of the Solvency II Directive. Solvency II, which is scheduled to come into force on January 1, 2016, will require insurers to deal with a range of regulatory reporting requirements, and the partnership aims to create clearer connections between asset managers and insurers to ease this process. John Dowdall, managing director at Silverfinch, says: "The simple reality is that Solvency II is about to create a new continent of data. "Insurers are now in the process of addressing the issue and demands of look through, and asset managers will begin to see these requirements feed through in the coming months." Dowdall says that partnering with an organisation like Fundsquare, which specialises in fund market infrastructure, allows Silverfinch improved access to the broader European market. Dominique Valschaerts, Fundsquare chief executive officer, says that asset managers in Europe need to evolve their operating models to make them more efficient. He adds that having a pan-European standard data model for managers is an advantage. "This model has the dual advantages of allowing asset managers to retain control and of protecting intellectual property," he says. ©2014 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.