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A DLT-based approach for more efficient regulatory reporting
Archive
22 Feb
2018

A DLT-based approach for more efficient regulatory reporting

  • 22nd February 2018
  • Eman Galea

Following a successful seventh reporting and reference data special interest group (RRDS 7) at the Financial Conduct Authority (FCA) on 13 February 2018, participants met for the usual post-RRDS drinks and networking session. At one point during the evening, we found ourselves mediating a friendly debate between two senior compliance officers on the post-trade reporting..

30 Jun
2017

JWG announce 12 July MiFID Webinar

  • 30th June 2017
  • Daniel Simpson

In our previous article we announced some of the key findings from our recent buy-side focused MiFID survey. Now we are pleased to announce a webinar on 12 July to review and analyse the results in more depth with a panel of experts. The webinar will aim to present new survey findings to help inform..

20 Jun
2017

The quest for a transparent global financial market

  • 20th June 2017
  • Jordan Dilworth

One of the many weaknesses that the financial crisis exposed was the feeble transparency framework in financial markets.  In response, MiFID II and MiFIR built on the regulatory agenda of the G20 by aiming to strengthen the transparency framework of markets in financial instruments, including OTC trading. Building on MiFID I, the second incarnation extends..

16 Jan
2017
mifir data reporting, mifir, mifid LEI

Data reporting under MiFIR

Just before the Christmas break, as part of its quick-fire release of numerous important updates, ESMA published a new Questions and Answers document that covers MiFIR data reporting.  Broken down into two separate sections, the document looks specifically at (i) LEI of the issuer and (ii) date and time of the request of admission and..

09 Dec
2016
ISIN, MiFID II ISIN

Making ISINs work for MiFID II transaction reporting

In our preceding article about ISINs, we explored the pursuit of a universal OTC identifier, and discussed what has occurred in Europe to fix this gap in the financial industry.  The Association of National Numbering Agencies (ANNA) created the ANNA Derivatives Service Bureau, which is based on an automated ISIN allocation engine and is scheduled..

21 Oct
2016

Did ESMA address the industry’s key issues in their MiFID II guidelines for transaction reporting?

  • 21st October 2016
  • Kara Paslawska

In December 2015, ESMA published a consultation paper on transaction reporting, order record keeping and clock synchronisation.  Shortly after, we summarised the 10 key issues from the MiFID II guidelines for transaction reporting.  Now, having considered the issues raised in the responses to the consultation paper, ESMA has published its guidelines. Considering the key topics..

05 Apr
2016

Full steam ahead for the LEI

  • 5th April 2016
  • Mark Robinson

The Legal Entity Identifier (LEI) has come some way since its formal establishment in November 2011.  10 March marked a new date for going forward, when a report by the LEI Regulatory Oversight Committee (LEI ROC) set out their policy design for the phase 1 collection of level 2 relationship data for the Global Legal..

15 Mar
2016

10 key issues from the MiFID II guidelines for transaction reporting

The new regime for transaction reporting, being introduced under MiFID II, represents a significant overhaul and expansion of what is currently required by MiFID I.  On 9 March, as part of their two-year programme on MiFID II, City & Financial Global held a highly topical event on transaction reporting under MiFID II. The last City..

02 Mar
2016

The RegTech marketplace: in depth analysis (Part 1 of 3)

An EY report released this week in conjunction with the UK Treasury, declared the UK to be the highest ranking FinTech sector in the world with a market size of £6.6 billion.  The authors predominantly attributed this to the UK’s accommodative regulatory regime for startups and the associated disruptive technologies they bring to market. We..