Buy-side firms, whether reporting directly or relying on counterparties, and third-parties, have similar challenges to the Sell-side. Quality, Completeness, Accuracy and Transparency of their regulatory reporting data are crucial to allow investment firms to focus on their core investment activities without breaching mandatory regulatory obligations.

Delegated Reporting Oversight

Buy-Side oversight of delegated and assisted reporting.

Delegated Reporting Oversight supports proactive review and affirmation of delegated and assisted reporting. Verify that delegated reporting is accurate and complete. Reconciliation of repository data with Buy-side trade details provides regulatory compliance, and therefore peace of mind, to delegating firms.

Combining the value of both Reconcile.Trade and Reportable.Trade, our total assurance package is what Buy-side firms require if they are committed to meeting the expectations of ESMA and their National Competent Authorities. EMIR and MiFIR allow firms to outsource reporting in various ways, however in no circumstance do regulators allow delegating firms to delegate their regulatory obligations. Delegated Reporting Oversight is offered on our secure hosted platform, minimizing the impact on investment firms and offering cost-effective, enterprise-grade control.

Reporting Accuracy Assurance

Pre-configured and fully-maintained regulatory reconciliations for the Buy-side

MiFIR, EMIR & SFTR put significant responsibility on investment firms to oversee the accuracy of reporting. Reconciling front office records with your Trade Repository, ARM, and NCA, are key controls. RegTek.Solutions offers secure, hosted solutions that meet any scale of 2-way or 3-way reconciliation requirement.

Reconcile.Trade combines the actionable regulatory intelligence of RegTek.Solutions with the market leading functionality and experience of SmartStream TLM Premium®. Packaged reconciliations, delivered on our secure cloud platform (AWS®) fulfills the specific mandate of the regulators and provides control and peace of mind to buy-side reporting firms, verifying that their reporting obligation is complete and the results match internal books and records.

Reporting Quality Assurance

Proactive, daily control of regulatory reporting quality for the Buy-side.

Investment firms taking direct responsibility for reporting have the same challenges as sell-side firms. Data Quality Assurance as a service provides the same comprehensive verification of the integrity, structure, content and quality of each submission sent to repositories or regulators. Allows buy-side firms to identify, diagnose, and resolve errors and omissions.

With extensive experience in ISO20022, FpML, and various flatfile conventions for trade and transaction reporting, our multi-level quality assurance platform ensures that regulatory, repository and enhanced market standards are applied to any reporting message that firms create and submit.

Reporting Quality Gatekeeper

Pre-verification of Reporting Quality prior to submission for Buy-side firms.

Many Buy-side firms rely on manual or semi-automated processes to report directly via reporting portals. These reports are not pre-validated resulting in potentially high rejection rates and rework. Load.Trade, our enhanced trade reporting portal for EMIR, offers an in-built Reporting Quality Gatekeeper. EMIR Reporting submissions are not sent to the Trade Repository unless they are fully validated against the same data quality validation rules used by leading sell-side institutions. Fully audited and securely hosted, Load.Trade offers significant value to firms who report directly and lack the comprehensive control environment required.

Reporting Completeness Assurance

Independent assurance and control of reporting completeness for Buy-side firms.

Continuous intra-day testing to identify and avoid over- or under-reporting, identify duplicates and monitor the integrity of third-party submissions.

Complete Reporting Transparency

Providing clients with unprecedented levels of reporting transparency, helping them identify exceptions and manage their operational workflow for trade and transaction reporting – in real time – using rich operational dashboards and MIS.

RegTek.Solutions are relevant for all Sell-side firms navigating global or regional reporting obligations. Quality, Completeness, Accuracy and Transparency are key elements of sustainable compliance irrespective of size or product diversity. Our modular solutions approach allows us to ‘right-size’ solutions to meet every firm’s needs.

Reporting Quality Assurance

Proactive, daily control of regulatory reporting quality.

Reporting Quality Assurance offers continuous & comprehensive verification of the integrity, structure, content & data quality of all trade and transaction reporting submissions. Allowing firms to rapidly identify, diagnose & resolve errors & omissions.

Validate.Trade, our flagship product, trusted by the majority of G16 Global banks, is used by Regulatory Operations and Compliance teams to continuously monitor the quality of reporting, in real-time or end-of-day batch. Offering the most complete validation capability on the market – Regulatory, Repository, Message Standards, Enhanced Data Quality and fully Custom built rules, Validate.Trade provides detailed and immediate feedback to the people responsible for managing the day-to-day challenge of Trade and Transaction Reporting.

Reporting Quality Gatekeeper

Pre-verification of Reporting Quality prior to submission.

Reporting Quality Gatekeeper is an independently maintained, trusted mechanism for the early avoidance of costly reporting mistakes and rejections. Rejections are a primary tool for regulators to monitor compliance.

Validate.Trade offers flexible, market standard integration options, allowing firms to build our world leading validations into their daily reporting workflow. Configured to meet firms’ specific control requirements, Validate.Trade provides rich exceptions that can be used in manual or automated processes to identify, diagnose and resolve trade and reference data issues or software defects that might otherwise cause poor quality reports to be sent to regulated venues. Whether accepted or rejected by the venue, poor quality report submissions reflect poorly on firms, attract the attention of regulators and result in expensive rework and potential sanctions.

Reporting Completeness Assurance

Independent assurance and control of reporting completeness.

Reporting Completeness Assurance offers independent testing & control of reporting completeness. Continuous, intra-day validation to identify, diagnose & avoid over or under reporting, identify duplicates & monitor the integrity veracity of third party submissions.

Built in partnership with a leading US bank, Reportable.Trade is the only modular solution designed to meet the specific controls recommended or mandated by global regulators. Independently built and maintained reporting eligibility rules, coupled with independently sourced reference data, allow Reportable.Trade to generate EXPECTED reportable events and activity. Pairing this expected data with ACTUAL reporting data immediately identifies possible over-reporting, under-reporting and duplicate reports from firms or third parties. Rich reporting eligibility trace data allows operations and technology teams to identify, diagnose and resolve possible completeness issues on a timely basis.

Reporting Accuracy Assurance

Pre-configured and fully maintained Regulatory Reconciliations.

Reporting Accuracy Assurace offers pre-configured and fully maintained regulatory reconciliations. Directly integrated with leading reporting venues, supporting 2-way and 3-way reconciliations, based on the market-leading SmartStream TLM Premium® reconciliation platform.

Reconcile.Trade combines the actionable regulatory intelligence of RegTek.Solutions with the market-leading functionality and experience of SmartStream TLM Premium®. Built to the specific data reconciliation demands of EMIR, MiFIR, Dodd-Frank and other reporting regulations, we offer an out-of-the box reconciliation solution. Hosted on AWS®, the leading secure cloud provider, Reconcile.Trade fulfills the specific mandate of the regulators and provides control and peace of mind to reporting firms, verifying that their reporting obligation is complete and the results match internal books and records.

Complete Reporting Transparency

Current and historical insight and analysis of regulatory reporting compliance.

Complete Reporting Transparency provides clients with unprecedented levels of reporting transparency – helping to identify exceptions and manage operational workflow for trade and transaction reporting in real time, using rich operational dashboards and data visualization.

Providing firms with a consolidated, dynamic view of the health of their reporting processes is the foundation for a scalable and sustainable reporting compliance solution. Integrating our rich Quality, Completeness and Accuracy data into a rich business intelligence tool provides a powerful operational, testing and oversight capability that can be leveraged by in-house, offshored or outsourced Regulatory Operations, Compliance and Technology teams to improve and streamline their regulatory reporting roles without sacrificing control.

Regulatory Quality Heatmaps

Dynamic field level regulatory quality heatmap reports.

NEW! Coming in 2018 – Regulatory Quality Heatmaps replicate the field level scrutiny of global regulators.

Laser focused on the reporting fields Regulators care about, and using the results from Validate.Trade and repository responses, these proactive field-level heatmaps provide a time-series view into clients’ data quality exceptions and a proactive management and regulatory reporting tool.

Watch this space!

Rich validations and proactive reporting on the quality of report submissions to regulators is an increasing demand on reporting venues, Trade Repositories, ARMS, APAs, etc. Working with our global partners, we offer scalable solutions to regulated reporting venues.

Venue Validation Engine

Regulators are placing increasing demands on reporting venues to apply, amend and report on data validations. Validate.Trade is a scalable validation engine whose value has been proven in some of the largest Sell-side organizations. Adopting Validate.Trade as the core validation engine for any reporting venue offers immediate measurable benefits.

  1. Market Proven Technology – a scalable, modular, validation engine. Trusted by >50% of G16 banks
  2. Transparency – self-documenting rules that are viewable, searchable and easily communicated to regulators, clients and management
  3. Agility – validation as a service ensures strict separation of concerns and improves delivery and testing of end to end processing