Link Fund Manager Solutions Ireland expands regulatory oversight model using Fund Recs EMIR reconciliation module

Insights - News

03 May 2023

Dublin, 3rd May 2023 - Fund Recs, a leading provider of cloud-based reconciliation software for the global funds industry, and Link Fund Manager Solutions Ireland (LFMSI), part of Link Group, a global provider of financial administration solutions, have announced the extension of their partnership on the use of the EMIR reconciliation module.

Fund Recs' EMIR reconciliation module is part of the Velocity platform, a suite of cloud-based software modules that help investment managers, 3rd party ManCos, AIFMs, and fund administrators achieve straight-through reconciliations and data processing in their middle and back offices.

The EMIR reconciliation solution offered by Fund Recs will enable LFMSI to automate the EMIR trade reconciliation process and achieve greater oversight of its regulatory reporting obligations.

Michael Greaney, Managing Director of Link Fund Manager Solutions (Ireland) Limited comments: “The automation of our EMIR reconciliations is a significant milestone in the development and growth of our business. Their EMIR reconciliation module is a key component of our overall strategy to streamline our operations and enhance our regulatory compliance.

“Building on our excellent relationship with Fund Recs ensures that we have the platform and expertise we need to ensure that our reporting meets the highest standards. As client needs evolve, it is imperative that our solutions anticipate and meet them. Ultimately, partnership will mean a faster, more agile, and smoother reporting experience for current and future clients."

Fund Recs CEO, Alan Meaney, comments: "With regulators increasingly focusing on data quality, it is imperative to have robust oversight in place to ensure that reported trades are complete and accurate. Our EMIR reconciliation solution is designed to help firms like Link achieve greater efficiency and accuracy in their regulatory reporting processes. We look forward to continuing to support Link as it delivers excellence for its clients and continues to evolve its proposition."

Conor Meehan

Managing Director, Fund Solutions (Ireland)

Tel: +353 1 224 0527