Erste Group chooses deltaconX regulatory platform for SFTR and UK EMIR
08 Dec Erste Group chooses deltaconX regulatory platform for SFTR and UK EMIR
deltaconX has secured Erste Group, the major Eastern European financial service provider, as a user of its regulatory reporting platform for the Securities Financing Transaction Regulation (SFTR).
Since the regulation went live in July, Erste Group, headquartered in Austria, has fully reported all their transactions, valuations, collaterals, re-use and margin reports via the deltaconX regulatory platform.
Wilhelm Brad, head of securities servicing and solutions at Erste Group, says that deltaconX’s performance handling SFTR to date has convinced the firm to also use the platform to support Erste’s obligations under the UK’s onshored European Markets Infrastructure Regulation (EMIR), on behalf of its UK clients.
“We are looking forward to further extending the cooperation with deltaconX in the future,” Brad adds.
Philipp Holzmann, regulatory reporting expert at Erste Group, says: “We are extremely happy with the technical solution as well as the service level that deltaconX offers to comply with the complex regulatory requirements under SFTR.
“The intuitive user interface provides advanced exception management functionalities, which make it very easy to stay under full control of our reporting processes.”
Thomas Buk, managing director of deltaconX, says: “We are delighted that Erste Group has chosen our deltaconX regulatory platform to fulfil its SFTR reporting obligation.
“It has been an excellent cooperation during the integration phase and now that the regulation is live since several months, we see this cooperation as being a great success for both parties.”
Securities Finance Times