The latest rulings, product offerings and regulatory permissions in and around the worlds of compliance in wealth management.

Cordium, a provider of governance, risk and compliance services, has launched a service that enables clients to keep on top of their collateral requirements under sweeping new European Union rules kicking in from the start of next year.

The firm’s MIFID II Infrastructure Collateral Service gives compliance teams policies, procedures, manuals and related documentation so they can adhere the rules set out by MiFID II directive.

Cordium said it has designed its offering to fit the structure and business needs of different investment firms. All MiFID II areas are addressed in detail including trade reporting, transaction reporting, best execution and dealing commissions, it said in a statement yesterday.