Getting ready for the management of FRPS Easy transfer & management of FRPS portfolios: The FRPS (Fonds de Retraite Professionelle Suplémentaire), a dedicated vehicle to retirement savings, is gaining a growing number of followers. Indeed, FRPS benefits from less costly prudential rules for insurers, close to the ones that existed before to the Solvency 2 rules. Several French insurers
Technology is core in collateral management evolution 2021 has been an unusual and difficult year as the pandemic has dominated our lives since day one. We had to adapt to new ways of working in a global digitized workplace that is here to stay for the next years. At VERMEG, we think that technology will accelerate the changes across all
New opportunities In the final quarter of 2021, we focused on three main areas – SWIFT / ISO 20022 connectivity, settlement of crypto assets using blockchain and dashboard enhancements for the web portal. Counterparties access The Eurosystem Collateral Management System (ECMS) project has reached an advanced phase. MEGARA powers a collateral solution to manage counterparties’ credit claims and assets, fully in line with new ECMS harmonized standards. Bank treasurers have
New York VERMEG, a specialized software house offering solutions in Banking, Capital Markets, Insurance and Digital Transformation, are proud to announce their support for the newest entry to tri-party custodian services: State Street. Participating COLLINE clients can seamlessly publish the corresponding RQV messages directly to State Street who in effect action segregated tri-party instructions for uncleared margin on behalf of
8 December, Paris: VERMEG, a specialized software house covering three main market segments in financial services – Banking, Wealth and Asset Management and Insurance, announces a new software solution, ‘EASY Collateral by VERMEG’ to enable European Banks to be ready for connection and operation with the new ECMS, which launches in April 2024. Designed to replace the current fragmented and decentralized structure operated
VERMEG, the leading global provider of regulatory reporting and collateral management solutions, announces that Bank North, the UK’s first truly regional business bank of the modern era, has signed a multi-year licence for its flagship regulatory reporting platform, AgileREPORTER. Bank North is a new regional business bank which was granted a banking licence (Authorised with Restrictions or ‘AWR’) by the