RegionsEEABroadridge launches reporting tool for ‘complex’ SFTR regulations

Broadridge launches reporting tool for ‘complex’ SFTR regulations

The solution will tackle the compliance challenge of Europe’s Securities Financing Transaction Regulation.

US electronic data services specialist Broadridge Financial Solutions is launching a trade reporting product to help companies meet the complex demands of the European Securities and Markets Authority’s (ESMA) upcoming Securities Financing Transaction Regulation (SFTR).

The solution is intended to allow all market participants to achieve implementation and meet the projected regulatory deadlines in 2018.

Under the new regulation, EU counterparts engaging in securities finance transactions are required to report trade data to a registered ‘trade repository’.

To help companies do this, Broadridge has created a transaction reporting solution that spans the entire reporting lifecycle.

Clients will also be able to combine their reporting with other third-party reporting platforms as needed.

“The SFTR rules present a major challenge for all market participants due to their complex nature, dual-sided reporting and proximity to MiFID-II [the EU’s Markets in Financial Instruments directive] compliance deadlines,” said Tom Carey, president of global technology and operations international for Broadridge.

This tool combines technological expertise with Broadridge’s knowledge of multi-jurisdictional transaction reporting across several reporting regimes including the US, Europe, Canada, Singapore, Japan, Australia, Hong Kong, and Switzerland.

Related Articles

“Destroy or democratise” – how Open Banking will impact connectivity

Banking “Destroy or democratise” – how Open Banking will impact connectivity

1y Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

1y Victoria Beckett
Money market reforms: Navigating LVNAV, CNAV and VNAV

EEA Money market reforms: Navigating LVNAV, CNAV and VNAV

1y Victoria Beckett
The Challenge of Building and Maintaining a Central Treasury Operation in a Decentralized Company

EEA The Challenge of Building and Maintaining a Central Treasury Operation in a Decentralized Company

1y BELLIN
The Treasury Challenge of a Post-Merger Integration

EEA The Treasury Challenge of a Post-Merger Integration

1y BELLIN
The Challenge of Integrating Worldwide Subsidiaries into one TMS

Baltics The Challenge of Integrating Worldwide Subsidiaries into one TMS

1y BELLIN
Q&A with BMG's treasury : BELLIN - We Love Treasury 2

EEA Q&A with BMG's treasury : BELLIN - We Love Treasury 2

1y BELLIN
PSD2: dull name, but seismic effect

Clearing & Settlement PSD2: dull name, but seismic effect

2y Alex Kwiatkowski

Whitepapers & Resources

TIS Sanction Screening Survey Report

Payments TIS Sanction Screening Survey Report

1w
Sanction Screening: The risk for companies is real

Payments Sanction Screening: The risk for companies is real

2m
Enhancing your strategic position: Digitalization in Treasury

Payments Enhancing your strategic position: Digitalization in Treasury

2m
Are You Ready to Implement your GRC Solution?

Are You Ready to Implement your GRC Solution?

3m