Daniel Eichhorn’s Post

As the ECB puts it, the goal of IReF is to bring about a framework where stakeholders “define once, report once, regulate once and perform as one system.” But while this will yield long-term benefits, it will still require a data evolution, with reimagined workflows and new roles to be played, creating short-term disruption. In our latest article, Regnology's Adriana Ellice-Flint discusses key challenges and solutions in implementing IReF. Read it now ⬇️ #IReF #regtech #fintech

FSIs must take proactive steps today to ensure smooth adoption of IReF. What are the key challenges to look out for when implementing IReF? How can the right technology help to you streamline the transition? Read our latest article by our very own Adriana Ellice-Flint to find out ⬇️ #IReF #regtech #fintech

“At this point, transaction reporting has become so specialized that unless you have a dedicated full-time person in-house, it will be difficult to implement this requirement without a third-party provider” TRAction was featured in FinanceFeeds' recent article exploring the upcoming regulatory changes and the challenges they pose. Read more from Quinn Perrott, our co-CEO, Ella Lindsay, Natalia Zakharova and Fotini Tzimi and find out if your firm is ready for the changes. #EMIRRefit #TransactionReporting #RegulatoryReporting #Regtech

As financial institutions must juggle unprecedented volumes of regulatory submissions and mandatory reporting, Post-trade solutions play a key role in making sure the right data is available at the right time. With automation and cross-asset consolidation at the heart of its strategy, Adenza is proud to be awarded the A-Team Group’s Best Post Trade Solution and grateful to our client community for their continuous support.    "We are extremely proud of this award which testifies to our solution readiness in addressing the latest post-trade-processing requirements such as T+1 settlement compliance, Trade reporting rewrite initiatives, Basel III/IV, and ESG disclosure frameworks. Highly automated at its core, the Calypso Post-Trade solution delivers the best STP rates of the market coupled with comprehensive regulatory coverage, so our clients can deliver more business growth," said Gil Guillaumey, Head of Capital Markets Technology Solutions, Nasdaq. https://lnkd.in/gQTYNNvf Martha Navas & Marva H. Rose RegTech Insight, from A-Team Group #posttrade #calypso

In our whitepaper written in collaboration with Chartis Research, we uncover how financial institutions are enhancing data quality, slashing costs and staying ahead of regulatory requirements by adopting a modern approach. Click the link below to request this comprehensive report unpacking the advantages and challenges of embracing flexibility in data management: https://lnkd.in/eftt99bq #Fintech #DataManagement #RiskMitigation #RegTech #SellSide #FinancialInstitutions

❓How should firms manage changes to existing reportable fields and data sourcing for additional reportable fields? ❓What are the best approaches for getting systems and platforms ready for the automated ISO 20022 XML reporting format? ❓How should firms update operational controls, including reconciliations for data discrepancies to meet the requirements around Errors and Omissions reporting? This panel at RegTech Summit London on 5 October will discuss how to leverage regtech for EMIR Refit. We'll hear from: 🟢Moderator: Sarah Underwood, Editor, A-Team Group 🟢Adam Turnbull, Global Head Regulatory Technology, Goldman Sachs 🟢Avinash Shamdasani, Global Head of Trade and Transaction Reporting, BGC Group 🟢Nikolay Arnaudov, Team Leader Data Intelligence and Analytics, European Securities and Markets Authority (ESMA) 🟢Emma Kalliomaki, Managing Director, ANNA - Association of National Numbering Agencies (ANNA) and The Derivatives Service Bureau (DSB) https://lnkd.in/ggxKFsWr #RTSLDN #regtech #EMIRrefit #datastandardisation #datasourcing #UPI #UTI #ISO20022 #errorsandomissions

Very excited to highlight today's press announcing #Cappitech partnership with Pirum to provide #SEC 10c-1a reporting. Our successful partnership with Pirum to provide #SFTR reporting for the majority of the industry has been foundational and illustrates why we continue to lead the market in providing best in class #transactionreporting for the industry. Timing on this announcement will surely impact the agenda for Tuesday's Securities Finance Symposium in Boston on Tuesday, 7/May, see you there? Don't hesitate to reach out to us at regreporting@spglobal.com for any of your global #regulatoryreporting needs! #compliance #regreporting #CFTC #EMIR #FCA #MiFID #securitiesfinance #ASIC #MAS #JFSA #HKMA #regtech #fintech #spglobalproud

[#NavigatingFIDA]⚖ FIDA is set to reshape the EU's #financialdata landscape. At Finologee, we've analysed its key points & potential impact. As the draft text develops, we are prepared to help you maneuver the complexities of #FIDAcompliance. Wondering how Finologee can support you in overcoming the associated #challenges? Explore our latest blog article for insights! 👇 https://lnkd.in/eh7rH9hV Raoul Mulheims Georges Berscheid Jonathan PRINCE Victoria Döringer Carlo Maragliano  Victor Nedioglo Mallorie Ribet Nadège Seet #FIDA #FIDAdraft #EU #Luxembourg #Fintech #Regtech #openbanking #compliance #financialdataaccess #challenges 

The #FIDA regulation is anticipated to profoundly impact how financial institutions, encompassing both banks and non-bank entities, will be expected to offer structured, permissive access to their customers' data through digital interfaces. When #PSD2 came into force in 2019, most banks managing payment accounts that were in the scope of the Directive (i.e. accessible online) were already integrated into interbank networks and banks essentially needed to implement #APIs and #authentication systems to allow third parties to initiate payments and access transaction data, albeit in a restricted manner. With #FIDA however, there will be and entirely different set of challenges: much of the data within the scope of this regulation is not currently structured, stored, or prepared for sharing with any external parties. Therefore, the modifications necessary for current setups at #insurance companies, #investment firms, and other regulated data holders could be significantly more considerable. The challenges they are facing include not only bringing data into information systems capable of exchanging it with other systems but also transforming the data to meet the requirements and definitions that will be established by level 2 regulation and the future 'schemes' mentioned in the draft text. Additionally, there will be the need to effectively manage #access, #authentication, and permissions for customers and data users.

🚨𝗡𝗲𝘄 𝗕𝗹𝗼𝗴 𝗣𝗼𝘀𝘁 𝗔𝗹𝗲𝗿𝘁! 𝗦𝘁𝗮𝘆 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝘁 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗟𝗮𝘁𝗲𝘀𝘁 𝗠𝗶𝗙𝗜𝗥 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 🚨   Are you aware of the 𝗹𝗮𝘁𝗲𝘀𝘁 𝗰𝗵𝗮𝗻𝗴𝗲𝘀 brought by Regulation 2024/791 𝗮𝗺𝗲𝗻𝗱𝗶𝗻𝗴 𝗠𝗶𝗙𝗜𝗥? Do you know 𝘄𝗵𝗶𝗰𝗵 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝘁𝗿𝘂𝗺𝗲𝗻𝘁𝘀 𝗮𝗿𝗲 𝗻𝗼𝘄 𝗰𝗮𝗽𝘁𝘂𝗿𝗲𝗱 𝘂𝗻𝗱𝗲𝗿 𝘁𝗵𝗲 𝗘𝗨 𝗠𝗶𝗙𝗜𝗥 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗼𝗯𝗹𝗶𝗴𝗮𝘁𝗶𝗼𝗻 𝗯𝘂𝘁 𝗻𝗼𝘁 𝘂𝗻𝗱𝗲𝗿 𝘁𝗵𝗲 𝗨𝗞’𝘀 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀?   Our latest blog post breaks down these critical changes and how they might impact your reporting processes. Key points include: 🗸 Specific amendments to the obligation to report transactions under Article 26.2. 🗸  The types of financial instruments newly captured by EU MiFIR reporting. 🗸  Examples of captured and references. 🗸  How will these changes impact your reporting processes? 🗸  Are you prepared to adjust your compliance strategies accordingly?   Read full article 👉 https://lnkd.in/dR69WZqe   Need help navigating these changes? MAP FinTech offers a seamless #MiFIR #TransactionReporting service through our award-winning Polaris Platform ensuring efficient, validated, and compliant transaction reporting, directly or through an Approved Reporting Mechanism! 📧  Arrange a demo with our team at 𝗶𝗻𝗳𝗼@𝗺𝗮𝗽𝗳𝗶𝗻𝘁𝗲𝗰𝗵.𝗰𝗼𝗺.   #MiFIR #Regulation2024 #Compliance #FinancialReporting #regtech #fintech #regulatorycompliance #compliance