Overview
New standards introduced by rewrites to multiple reporting regimes globally, such as EMIR, ASIC, JFSA and MAS, require investment firms to conduct frequent reconciliations of their front office trading records against data samples provided to them by the national competent authority (NCA) and/or the Trade Repository. But with changes to data formats, ensuring accurate, complete and timely reconciliations can be challenging.
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Solutions
Comprehensive front-to-back Global Reconciliation Solution
Our Submission File Reconciliations (Assurance) product provides comprehensive data quality testing across submission files from the NCA/TR. This helps firms meet their regulatory obligations by performing data quality checks across various reporting regimes globally.
The platform provides instant results with zero setup, allowing you/your firm to receive immediate outcomes with no implementation required.
The compliance rules engine checks 100% of trades from NCA/TR files against 100% of the fields within each regulation. An inbuilt, fully transparent rules library enables demonstrable compliance by referencing the underlying regulatory text.
Submission File Reconciliations – Quality Assurance
Our Global Reconciliations product is a comprehensive front-to-back office SaaS reconciliation solution that offers full reconciliations to the source system. This helps firms meet their regulatory obligation to perform timely, accurate and complete reconciliations for derivatives reporting regimes globally.
The compliance rules engine checks every trade against thousands of multi-regime regulatory rules, while an inbuilt, fully transparent rules library enables demonstrable compliance by referencing the underlying regulatory text.
The platform independently determines which reporting regime the trade is reportable under, while the eligibility engine independently assesses all transactions to prevent over- and under-reporting.
As regulatory reporting timescales vary by jurisdiction, the rules engine checks every trade against its reporting submission deadline.
Product in action
Features & benefits
Features
- Comprehensive view of completeness, accuracy reconciliations, assurance, timelines and total transactions all in one place
- Interactive management information/tailored results
- Navigation between different views and reporting regimes
- Assurance accuracy exceptions per key field
- Reconciliation accuracy exceptions per key field
- Transaction reporting exceptions by type
Benefits
- Perform full end-to-end reconciliations to the source system
- Help firms to remain compliant with multiple regulatory reporting regimes globally
- Comply with 100% of transactions tested and any errors flagged
- Reduce the need for additional compliance efforts by embedding rules directly into the platform
- Receive ongoing updates
Why choose Regulatory Reporting?
With years of industry expertise and trusted data accuracy, Regulatory Reporting delivers insights that innovate your operations, so regulation is no longer a hindrance – it’s an opportunity. Turn reactive into proactive, get ahead of regulations and upskill your teams through access to our experts. Contact us today to learn more about Regulatory Reporting Global Reconciliations.