In this special report, FTF News delves into the many challenges that global financial services firms face when they have to meet the multiple, complex and sometimes overwhelming requirements of regulators overseeing major financial markets.
As financial reform has taken root since the global financial crisis, regulatory reporting to multiple authorities across many geographies has become a pain point for firms. Securities trading participants are facing an ongoing, high volume of regulation and inherent data demands that can be vexing even to the most experienced operations professionals.
The report was sponsored by Unavista
The challenge is hitting home for firms that are required to report their transactional and related data to regulators in the E.U., the U.S./North America and the Asia-Pacific region. They face an alphabet soup of regulatory frameworks such as MiFID II (Markets in Financial Instruments Directive II), MiFIR (Markets in Financial Instruments Regulation), EMIR (European Market Infrastructure Regulation) and the Dodd-Frank Act.
The key to facing this challenge is in how a firm sorts through huge amounts of complex data to meet very specific regulatory requirements. Along the way, firms have to develop a strategy that incorporates data integrity, internal and external reconciliation efforts, accommodates regulatory disharmony, and ultimately delivers the right data to comply with regulators’ stipulations.
We hope this report helps you find your way through the maze.
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