SFTR Preparations Stifled by Data Availability
While the initial go-live date of SFTR is set for early 2020, data availability and legacy processes remain the leading roadblocks.
The need to obtain necessary data points and automate workflows is causing considerable challenges for the industry ahead of the phase-in of the Securities Financing Transactions Regulation (SFTR), which is set to begin in the second quarter of 2020.
The complex regulation mandates a dual-sided reporting structure, where each counterparty firm is required to report the “conclusion, modification and termination” of an entire event lifecycle on a T+1 basis to a trade repository (TR). It targets
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