IHS Markit bolsters team for SFTR reporting
22 January 2019 London
Image: Shutterstock
IHS Markit has added ABN AMRO, Banco Santander, Bank of America Merrill Lynch, Barclays, Goldman Sachs, ING and three other financial institutions to its technology design team for Securities Financing Transactions Regulation (SFTR) reporting.
Since 2017, financial institutions and other partners have been working with IHS Markit and Pirum Systems to develop the IHS Markit SFTR reporting solution.
According to IHS Markit, the solution will streamline trade reporting to repositories for repo and reverse repo agreements, securities loans and borrows, commodities loans and borrows, prime brokerage margin lending and collateral re-use.
To ensure interoperability within the industry ecosystem, IHS Markit is also engaging vendors, trade repositories and agents with approved publication arrangements (APAs) on the design of its SFTR reporting solution.
Pierre Khemdoudi, managing director and global co-head of equities, data and analytics at IHS Markit, commented: “With significant engagement from more than 40 industry leaders, we are confident that we are developing a comprehensive, universal SFTR reporting solution that will streamline compliance requirements for the full range of firms active in the securities lending, repo and prime brokerage markets.”
Since 2017, financial institutions and other partners have been working with IHS Markit and Pirum Systems to develop the IHS Markit SFTR reporting solution.
According to IHS Markit, the solution will streamline trade reporting to repositories for repo and reverse repo agreements, securities loans and borrows, commodities loans and borrows, prime brokerage margin lending and collateral re-use.
To ensure interoperability within the industry ecosystem, IHS Markit is also engaging vendors, trade repositories and agents with approved publication arrangements (APAs) on the design of its SFTR reporting solution.
Pierre Khemdoudi, managing director and global co-head of equities, data and analytics at IHS Markit, commented: “With significant engagement from more than 40 industry leaders, we are confident that we are developing a comprehensive, universal SFTR reporting solution that will streamline compliance requirements for the full range of firms active in the securities lending, repo and prime brokerage markets.”
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