Solvency II, a Europe-wide regulation for insurers, has a huge impact on asset managers. Under the regulation, insurers must report on fund investments on a look- through basis down to the holding-level. In order to win new insurer AUM, asset managers must have a credible response to requests for Solvency II look-through.
The largest challenge posed with Solvency II for asset managers is how to make their position inventories, their IP, available to clients, peers and aggregators in a secure, controlled and timely fashion. Silverfinch is the fund data utility that enables the controlled distribution of timely data within a secure environment.The Tripartite Data Exchange Template (TPT), is the standard reporting format for Solvency II information. The template was created on feedback from asset managers, insurance companies and regulators.