UnaVista extend partnership with IHS Markit
21 March 2019 London
Image: Shutterstock
UnaVista, part of the London Stock Exchange Group (LSEG), and IHS Markit have extended their alliance to prepare for and comply with the upcoming Securities Financing Transactions Regulation (SFTR).
UnaVista said the extended relationship will enable it to provide firms with an end-to-end solution that combines leading data management capabilities from IHS Markit with UnaVista’s own trade repository capabilities to simplify SFTR reporting for firms.
It added that by providing firms with an SFTR trade repository service, firms can benefit from centralising their global regulatory reporting through a trusted partner.
UnaVista said that SFTR transaction reporting is expected to follow the same structure as European Market Infrastructure Regulation (EMIR) and will require financial and non-financial counterparties to report all of their securities financing transactions to an EU-registered and approved trade repository on a T+1 settlement cycle.
The new regulation is currently expected to be implemented in Q2 2019.
Pierre Khemdoudi, managing director of IHS Markit, said: “The industry is thirsty for guidance on this regulation and partnering with UnaVista is a great opportunity to showcase our expertise in the field of securities lending and financing.”
Wendy Collins, managing director of global strategic partnerships at UnaVista, said:
“UnaVista values the importance of our partners in the regulatory reporting landscape and we are happy to deepen this relationship with IHS Markit.”
She added: “We look forward to working together to help firms and their clients comply with SFTR, the next big regulation on the horizon.”
UnaVista said the extended relationship will enable it to provide firms with an end-to-end solution that combines leading data management capabilities from IHS Markit with UnaVista’s own trade repository capabilities to simplify SFTR reporting for firms.
It added that by providing firms with an SFTR trade repository service, firms can benefit from centralising their global regulatory reporting through a trusted partner.
UnaVista said that SFTR transaction reporting is expected to follow the same structure as European Market Infrastructure Regulation (EMIR) and will require financial and non-financial counterparties to report all of their securities financing transactions to an EU-registered and approved trade repository on a T+1 settlement cycle.
The new regulation is currently expected to be implemented in Q2 2019.
Pierre Khemdoudi, managing director of IHS Markit, said: “The industry is thirsty for guidance on this regulation and partnering with UnaVista is a great opportunity to showcase our expertise in the field of securities lending and financing.”
Wendy Collins, managing director of global strategic partnerships at UnaVista, said:
“UnaVista values the importance of our partners in the regulatory reporting landscape and we are happy to deepen this relationship with IHS Markit.”
She added: “We look forward to working together to help firms and their clients comply with SFTR, the next big regulation on the horizon.”
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