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Follow on Google News | ![]() Factor, Mayer Brown, and Acadia launch new tech-enabled service to simplify derivatives complianceBy: Factor Mayer Brown, Factor and Acadia bring their respective strengths in expert advisory, complex legal work at scale, and scalable agreement technology together to create a service for clients that is cost-effective, secure, and compliant. For in-scope market participants, complying with the ongoing requirements of EMIR can be costly and time consuming. And with each wave of initial margin enforcement, increasing numbers of institutions with smaller in-house teams have come into scope and must comply. To date, this work has typically been absorbed by a combination of outside counsel and existing in-house departments resulting in increased costs and additions to existing workloads. "Regulations contribute to the growing avalanche of workloads facing in-house departments. By integrating our respective strengths, we've created a client-centric service that enables robust compliance without excess burden or cost," said Chris DeConti, Factor's Head of Strategy. Clients simply identify the counterparty relationships they would like analyzed and all relevant information is shared via the secure digital Acadia Agreement Manager platform. Factor and Mayer Brown analyze the data provided, perform cross-validation checks, and provide a certificate that the client can present demonstrating compliance, with ongoing annual checks to confirm continued compliance available too. "Clients have been so focused on the implementation aspect of initial margin, it would be easy to overlook some of EMIR's ongoing obligations," "This collaboration adds a valuable application for clients using Agreement Manager, enabling them to leverage their centralized agreement data and ease of access to reduce costs and streamline compliance," Visit us at https://www.factor.law or https://www.mayerbrown.com or https://www.acadia.inc End
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