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Donnelley Integrates Bloomberg Data to Assist in SEC Liquidity Compliance
Traders Magazine Online News, August 14, 2018
Donnelley Financial Solutions (NYSE: DFIN) and Bloomberg announced a joint regulatory reporting solution that integrates Bloomberg’s liquidity data with Donnelley Financial’s ArcFiling platform to help mutual funds comply with new requirements mandated by the SEC’s liquidity and reporting modernization rules.
Under the new regulation, open-ended mutual funds are subject to more rigorous reporting requirements for data and liquidity risk in their Form N-PORT filings. Gathering and synthesizing this data into a compliant format can be challenging without the right reporting platform and data source.
“With the integration of our ArcFiling platform and Bloomberg’s Liquidity Assessment tool (LQA), firms can now automate custom monthly reporting for the SEC through machine learning technology to provide portfolio-level market data and liquidity risk analytics,” said Eric Johnson, president of Global Investment Markets at Donnelley Financial Solutions.
ArcFiling, Donnelley Financial’s cloud-based application, enables firms to create, package and submit their documents directly to the SEC. The ArcFiling platform is designed to provide firms with a single source for the data, validation and filing capabilities to meet the N-PORT requirement.
Bloomberg’s data includes all three areas of the modernized Form N-PORT filing: reference data, risk data and liquidity, and covers an expansive range of asset classes, including equities, bonds, municipal securities, structured products and more.
“Bloomberg’s multi-disciplinary team is experienced across finance, artificial intelligence and distributed technologies to ensure delivery of accurate and consistent data that when combined with Donnelley Financial’s ArcFiling platform, provides firms with a complete reporting workflow solution,” said Naz Quadri, Head of Liquidity Analytics at Bloomberg.
LQA is part of Bloomberg’s Enterprise Data suite of regulatory and accounting data sets that help compliance professionals at banks, asset managers, insurers and other financial organizations navigate an increasingly complex and data-intensive requirements. To learn more please visit: http://www.bloomberg.com/professional/product/regulatory-accounting-data/.
About Donnelley Financial Solutions
With the right solutions in moments that matter, Donnelley Financial Solutions (NYSE: DFIN) delivers risk and compliance solutions that fuse deep industry experience, unparalleled service, and elegant technologies to provide our clients with insights that power their decisions and shape global markets. The company has 3,100 employees in 59 locations across 17 countries, serving thousands of clients globally. For more information about Donnelley Financial Solutions, visit www.dfsco.com or follow us on Twitter @DonnelleyFin or on LinkedIn.
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