Risk Focus Responds

While most regulatory changes will impact our .Trade solutions directly a number maybe extremely disruptive to clients and will require updates to Validate.Trade rules and functionality to help clients test their reporting solutions and monitor data quality through the calendar of change that lies ahead.


MiFID readiness the top priority? What About SEC?

MiFIR/MiFID II preparedness is top of mind at every firm I’ve recently visited, but that could be about to change. The SEC’s security-based swap (SBS) reporting threatens to be equally time-consuming and costly to participants as MiIFD II.


Will SEC Security-Based Swap Reporting (SBSR) be as disruptive as MiFID II?

Over the last six months, MiFIR/MiFID II readiness is the one topic that has consistently been top of mind at every firm I’ve visited across the industry. Given the traction that our Report-it.Trade suite has gained this year for G20 reporting, one of the first questions we get is “what are you going to be doing for MiFID II?”


The kid at the front of the conference

On October 8, 2015, I had the pleasure of being on the dais for a panel discussion on “Reporting Regulations & Derivatives” at the Derivatives World Congress, bright and early in Chicago the morning after the Cubs beat the Pirates to advance to the NL Division Series against the Cardinals.

Needless to say, all of the locals in attendance were bleary-eyed and/or hung over. Yet, we kept the audience awake and engaged.


Take Control: Swaps Dealers Enhance Controls to Meet Stringent Data Rules

Trade reporting requirements have always been daunting for the derivatives industry. Now, as firms begin to ramp up their existing reporting infrastructure to comply with MiFID II as well as new G20 mandates like ESMA L2, MAS3 L2, and SEC regulations, they need an even more robust control framework to avoid fines related to heightened regulatory scrutiny of more complex data. This infrastructure also needs to ensure that firms avoid under- or over-reporting trades, which can also incur sizeable penalties.


Banks Must Streamline Trade Reporting to Cope with Expanding Regulations

For the first time in my 25+ year capital markets technology career, a group that traditionally has had the clunkiest systems and the smallest budget is suddenly in the spotlight – post-trade trade reporting. Historically, there was no P&L benefit to speeding up or radically improving post-trade reporting – once trades were processed the pressure was off. This has all changed with the current wave of regulation, which is requiring banks to streamline trade reporting like never before.