Erste Group Taps Asset Control for PRIIPS, MiFID II Compliance
The Austrian banking group will use the vendor's AC Plus data management platform, with its central security master architecture, to meet MiFID II and KIDS templates requirements.
The bank, aims to go live on Asset Control's financial data management platform for its PRIIPs initiative in September 2017, and will use it to create a central security master for the institution and its subsidiaries across the region. The security master will enable the input, aggregation, normalization and distribution of various central and local data sources to aid the production of Key Information Documents (KIDs), Asset Control officials say in a statement.
Populating the KIDs─disclosure
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