Updates & insights

In the last years, the regulatory journey has gained a lot of speed and financial as well as non-financial institutions were trying their best to keep up with its pace. At the end of this year an additional layer of complexity will make this even more complicated. BREXIT, especially now

Last Monday was the SFTR go-live for our buy-side financial clients. All our direct and partner’s clients have successfully reported during the first week, so all of their reports have been accepted by the chosen Trade Repository. We currently support two TRs (DTCC GTR and REGIS-TR S.A.) and both have

During the last couple of years Brexit was always a topic at the conferences and in articles when it comes to regulatory reporting. However, most of the market participants talked or wrote about it as it was an omnipresent topic you could not exclude from the discussions, but we felt

There are just over six weeks left until the SFTR reporting requirement will come into force. After more than 4 years of preparation, the Securities Financing Transaction Regulation reporting requirement will start on July 13th, 2020: On May 6th 2020, four trade repositories (DTCC, KDPW, REGIS-TR and UnaVista) received approval

The surprise news that CME has closed its own trade repository activity in Europe and Australia as well as the activity of NEX Regulatory Reporting services, itself acquired little more than one year ago, creates a very difficult situation for many market participants which are currently heavily involved in the

“Never Waste A Good Crisis” : Reviewing business continuity under Covid-19 ESMA expects that firms will maintain regulatory compliance throughout the Covid-19 crisis, and any deviations will be strictly temporary. It has issued a series of recommendations for action for firms to address the operational challenges presented by Covid-19, including

As custodian of EU market functioning, stability, and investor protection, ESMA it all too aware that Covid-19 pandemic is causing firms a number of operational difficulties with regulatory compliance. ESMA initial response has been to publish a number of statements to keep compliance on track. Elsewhere, record-breaking intraday volatility has

The spread of the COVID-19 is progressing rapidly worldwide and has already developed into a global pandemic. At this point in time we can only guess how this pandemic will impact our lives and economy in the future. However, the first signs are already noticeable  after this short time. National

As experts on cloud-based Regulatory Reporting we are prepared and used to work remotely since our start in 2013. Therefore please be assured that our services will be continued without any disruption. Are you searching for a cloud-based Regulatory Reporting service to cover your compliance obligations fully automated under various

Dark Pools : Will it take a MiFID III to move equity trading into the light? A key objective of MiFID II is improved market transparency, achieved primarily by moving OTC trading out of its ‘murky and opaque’ underworld on to ‘lit’ exchanges. This improves market stability by allowing regulators

“Will MIFID II’s failure to deliver cost reductions in market data create another driver for MIFID III?” In its recent review of MiFID II, ESMA concluded that there has been a failure to deliver reductions in the cost of market data provided by trading venues and Approved Publication Arrangements (APAs).

With MiFID II celebrating its second birthday, ESMA is preparing a series of review reports on the operation of MiFID II to be delivered to the European Commission through 2020. ESMA is likely to propose changes to MiFID II in response to some vocal criticism from some market participants and

With less than 3 months to go before the first SFT reporting deadline, firms subject to that deadline should now be very well advanced with their system testing. Yet we hear that there is still a sizeable number of firms who have not even started their SFTR preparations, let alone

As 2019 comes to an end it is time for us to have a look back at what happened regarding the various regulations. We also want to take this opportunity to give you an outlook on the upcoming year 2020. SFTR Certainly, one of the most discussed topics in 2019

On October 3rd, ESMA published a public consultation on MAR, intended to get market participants’ views on a number of possible changes to the provisions of MAR. The scope of the changes is very wide ranging, and includes a possible extension of MAR to cover spot FX contracts, establishing EU