Cardano Risk Management teams-up with deltaconX 17 May 2021UK Reporter: Maddie Saghir
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deltaconX鈥檚 regulatory platform has been selected by Cardano Risk Management to provide its clients regulatory reporting services under European Market Infrastructure Regulation (EMIR) EU and UK.
Cardano Risk Management is offering its risk management and execution services to more than 50 European and UK based pension funds, through its entities in the Netherlands and the UK.
In addition to this new service offered to their clients, Cardano Risk Management, as an investment firm, also has its own transaction reporting obligations under the Markets in Financial Instruments Regulation (MiFIR), which they will fulfil via the deltaconX regulatory platform.
鈥淔ollowing several statements from the regulators highlighting that market participants need to ensure a better quality of the reporting data and a better control over these data, we believe that this new initiative of Cardano absolutely makes sense and will help to achieve both requirements formulated by the regulators,鈥� explains Fabian Klar, director sales and customer relations at deltaconX.
Klar notes: 鈥淛oining forces, as we do with Cardano, is in our opinion the right way in the future to serve clients needs in an increasingly complex and regulated environment in which at the same time cost pressure becomes increasingly important and challenging. We are looking forward to fruitful cooperation with Cardano and to further extend it in the future.鈥�
Marc Strijbos, head of legal, risk and compliance at Cardano, says: 鈥渄eltaconX convinced us with their state-of-the-art regulatory platform including a wide range of value adding functionalities, their flexibility, and their regulatory expertise.鈥�
鈥淲e are convinced that deltaconX is the right partner for Cardano to support us and our clients in fulfilling our regulatory reporting requirements in the most efficient way,鈥� adds Strijbos.
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