Quality [or the lack thereof] is the most enduring challenge of regulatory reporting. Missing data, incorrect formats, poorly constructed messages are a well-documented source of excessive cost and regulatory sanctions. We address this challenge head-on.

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.

VALIDATETRADE, 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, VALIDATETrade 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.

VALIDATETRADE 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, VALIDATETRADE 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 the correct trades, transactions, and lifecycle events is a key compliance requirement and breaches are difficult to identify and costly. Both over- and under-reporting can be identified and avoided using our Completeness Assurance solutions.

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, REPORTABLETRADE 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 REPORTABLETRADE 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.

Delegated Reporting Oversight

Active 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 RECONCILETRADE and REPORTABLETRADE, 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.

Providing regulatory intelligent reconciliations between front-office systems and regulatory venues for long-term compliance.

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.

RECONCILETRADE 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, RECONCILETrade 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.

Delegated Reporting Oversight

Active 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 RECONCILETRADE and REPORTABLETRADE, 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.

To achieve sustainable compliance firms require complete transparency and awareness of their reporting activity and issues on a timely basis. Transparency enables the automation, offshoring and outsourcing while managing the risks that can’t be outsourced

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 VALIDATETRADE 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!