A happier start than Emir, but SFTR honeymoon is over now that trades report separately in UK and EU.
The EU regulator had to coordinate efforts with local NCAs to clamp down on failures made by counterparties to meet Emir guidelines for porting data.
Market participants say the price hikes reflect the struggle among regulatory reporting service providers to run sustainable and profitable businesses.
Market participants will not have to use both the UPI and the Isin in their submissions to trade repositories, policy officer says.
With over five months to go until CME unwinds its regulatory reporting businesses, competing firms are pushing to fill the service gaps and grab a slice of the market share.
A summary of some of the past week’s financial technology news.
Bloomberg hopes to offer wider reporting services for regulatory schemes across the globe.
As regulators and industry bodies ramp up efforts to deploy machine-readable models for derivatives reporting, adoption of industry-wide standards has more than a few challenges to overcome.
Data from Esma shows that just 40% of swaps trade reports match under two-sided reporting regime.
Tech providers are emerging from all corners as the final phases of initial margin rules closes in, which are expected to capture over 1,000 buy-side and sell-side firms over the next 18 months.
In February, UK and EU regulators made announcements expected to shed light on the future of data sharing and alleviate some uncertainty post-Brexit, but industry experts say the latest statements fall short of lifting the real burden on affected firms.
The final phases of initial margin rules are expected to capture over the next two years more than 1,000 buy-side and sell-side firms, which technology providers see as potential customers.
Months away from the UK’s departure from the EU, much of the industry is still in the dark over operational requirements post-Brexit, and time is running out.
Cusip Global Services brings North American exchanges' futures into numbering system.
The course focuses on Mifid II regulatory reporting and breaks down reference data rules that remain roadblocks for firms.
While waiting for the regulators’ final word on SFTR’s technical specifications, SFT market participants and counterparties are planning their compliance strategies amid concern that the regulation goes too far in its goal to bring shadow banking into…
SFTR compliance could require five times as many reports than trades.
Tie-up aims to deliver a comprehensive transaction reporting remediation solution.
January 3 went smoothly for many, but the launch of Europe's far-reaching reform package wasn't without problems.
Eurex Zurich will cease operations at the end of March, citing conflicts between Mifid II and a new regulatory framework in Switzerland.
Europe’s top markets cop talks to Waters about Mifid II and III, Brexit, no-action letters, clearinghouses and the regulator’s future.
Nex Regulatory Reporting will run an EMIR trade repository in Stockholm, as derivatives markets in Europe prepare for the post-Brexit era.
John recaps some of Sell-Side Technology's best stories of the week, including (more) blockchain developments, noteworthy fintech graduates, and significant regulatory fines.
First enforcement action under EMIR taken by UK financial watchdog over exchange-traded derivatives reporting.