SFTS: Firms must improve efficiency measures after reg implementation
26 April 2018 London
Image: Shutterstock
Firm’s must look to improve efficiency after implementing new regulatory measures, say panellists at this year’s Securities Finance Technology Symposium in London.
In a panel on post-trade, speakers said that following the implementation of regulatory initiatives, firm’s should look to take efficiency measures and make “holistic” changes to their operating models.
One panellist said: “The mantra, from a post-trade perspective, is that you need to do more with less—how do you keep it efficient and get increased volume while using fewer resources.”
Another panellist added: “This is the kind of challenge that firms have to sit down and think about—the tactical issues v the more strategic benefits.”
Panellists discussed how most firms have to keep their heads down and deal with regulatory deadlines to ensure compliance. Often, this doesn’t leave a lot of room to create efficient operating models.
The implementation of these regulations may impact operations as it is. One panellist said that he is very focused on the trade repositories (TRs) that are involved in regulatory implementation. He said that firms have to understand the requirements, what the fields represent and what they have to be.
The panellist added that, if firms don’t get it right, they could be seeing a fallout that will ultimately sit with the operating models.
He said: “Firms should not be wasting any moment, because we only have about 12 months to get this right. If they do get it right, there will be great benefits.”
The panellist concluded that having a dialogue with TRs is important. He said: “The dialect with trade repositories needs to be more obvious, we need to know exactly what they’re doing in terms of solutions already being discussed. Firms needs to understand what TRs are doing. They need to sit down, find out what these regulations mean and figure out a solution.”
Finally, panellists said firm’s should not delay when implementing reporting requirements. They agreed that the industry should not delay, as there’s “so much to do”.
“Start early, think strategically”, said another panelist.
In a panel on post-trade, speakers said that following the implementation of regulatory initiatives, firm’s should look to take efficiency measures and make “holistic” changes to their operating models.
One panellist said: “The mantra, from a post-trade perspective, is that you need to do more with less—how do you keep it efficient and get increased volume while using fewer resources.”
Another panellist added: “This is the kind of challenge that firms have to sit down and think about—the tactical issues v the more strategic benefits.”
Panellists discussed how most firms have to keep their heads down and deal with regulatory deadlines to ensure compliance. Often, this doesn’t leave a lot of room to create efficient operating models.
The implementation of these regulations may impact operations as it is. One panellist said that he is very focused on the trade repositories (TRs) that are involved in regulatory implementation. He said that firms have to understand the requirements, what the fields represent and what they have to be.
The panellist added that, if firms don’t get it right, they could be seeing a fallout that will ultimately sit with the operating models.
He said: “Firms should not be wasting any moment, because we only have about 12 months to get this right. If they do get it right, there will be great benefits.”
The panellist concluded that having a dialogue with TRs is important. He said: “The dialect with trade repositories needs to be more obvious, we need to know exactly what they’re doing in terms of solutions already being discussed. Firms needs to understand what TRs are doing. They need to sit down, find out what these regulations mean and figure out a solution.”
Finally, panellists said firm’s should not delay when implementing reporting requirements. They agreed that the industry should not delay, as there’s “so much to do”.
“Start early, think strategically”, said another panelist.
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