IHS Markit partners with Regis-TR on SFTR
29 November 2017 London
Image: Shutterstock
Regis-TR, a European trade repository, is collaborating with IHS Markit to create a reporting solution for the Securities Financing Transactions Regulation (SFTR) requirements.
The reporting solution, built with Pirum Systems, will be designed with the input of BNY Mellon, eSecLending and J.P. Morgan, among others.
The new solution promises to offer a fully hosted, end-to-end service to assist EU-based users to fulfill the SFTR obligation to report transaction details to a registered trade repository.
Irene Mermigidis, managing director at Regis-TR, said: “IHS Markit is working with industry leaders to design an SFTR reporting solution that can ease the complexity of routing data to trade repositories.”
She added: [IHS Markit] data management and augmentation service, together with our flexible account model and cost effective solution, provide market participants with a robust framework for SFTR compliance.”
Pierre Khemdoudi, managing director of securities finance at IHS Markit, commented: “Trade repositories will deliver the crucial final step of our end-to-end reporting solution.”
“Having Regis-TR, one of Europe’s largest trade repositories with established pedigree in the SFT space, collaborate with us at such an early stage will be a major asset to our solution’s user base, ensuring that we live up to our goal of delivering a seamless, fully interoperable solution.”
The expanded partnership comes shortly after UK-based trade repositories discovered they may may be forced to shoulder additional third-party recognition fees to operate under EU regulatory frameworks post-Brexit.
The reporting solution, built with Pirum Systems, will be designed with the input of BNY Mellon, eSecLending and J.P. Morgan, among others.
The new solution promises to offer a fully hosted, end-to-end service to assist EU-based users to fulfill the SFTR obligation to report transaction details to a registered trade repository.
Irene Mermigidis, managing director at Regis-TR, said: “IHS Markit is working with industry leaders to design an SFTR reporting solution that can ease the complexity of routing data to trade repositories.”
She added: [IHS Markit] data management and augmentation service, together with our flexible account model and cost effective solution, provide market participants with a robust framework for SFTR compliance.”
Pierre Khemdoudi, managing director of securities finance at IHS Markit, commented: “Trade repositories will deliver the crucial final step of our end-to-end reporting solution.”
“Having Regis-TR, one of Europe’s largest trade repositories with established pedigree in the SFT space, collaborate with us at such an early stage will be a major asset to our solution’s user base, ensuring that we live up to our goal of delivering a seamless, fully interoperable solution.”
The expanded partnership comes shortly after UK-based trade repositories discovered they may may be forced to shoulder additional third-party recognition fees to operate under EU regulatory frameworks post-Brexit.
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