RegTek.Solutions launches SFTR solution
10 April 2019 London
Image: Shutterstock
RegTek.Solutions has extended its platform to include a full reporting solution for the Securities Financing Transactions Regulation (SFTR).
The solution helps operations and technology throughout their compliance journey from analysis and testing to production and oversight.
According to RegTek, the solution provides clients with the ability to visualise and analyse their data within a rich user interface before regulatory scrutiny.
It also handles SFTR action type determination and ISO20022 generation for all reports, simplifying the complexities of reporting under SFTR.
The new SFTR solution is backed by a strategic service level agreement to keep rules and market integrations up to date with the expectations and best practices of regulators, trade repositories, and the securities financing market in general.
Reg.Tek also explained that in addition to ‘out-of-the-box’ regulatory, repository and enhanced reporting quality checks, clients are also able to write custom rules.
Brian Lynch, CEO and co-founder of RegTek.Solutions, commented: “The market has responded with new approaches and solutions to deal with the complexity of SFTR.”
“The flexibility of our modular platform has allowed us to create a unique set of tools that fill gaps that firms can’t fill on their own. By supporting the testing and readiness projects, while also offering a full reporting platform, we’re giving firms a simple and cost-effective alternative to large utility solutions or internal build options.”
He added: “We’re also actively working on extending our unique completeness and accuracy reconciliations platform to provide controls so critical to the long-term success and sustainability of any reporting regime.”
The solution helps operations and technology throughout their compliance journey from analysis and testing to production and oversight.
According to RegTek, the solution provides clients with the ability to visualise and analyse their data within a rich user interface before regulatory scrutiny.
It also handles SFTR action type determination and ISO20022 generation for all reports, simplifying the complexities of reporting under SFTR.
The new SFTR solution is backed by a strategic service level agreement to keep rules and market integrations up to date with the expectations and best practices of regulators, trade repositories, and the securities financing market in general.
Reg.Tek also explained that in addition to ‘out-of-the-box’ regulatory, repository and enhanced reporting quality checks, clients are also able to write custom rules.
Brian Lynch, CEO and co-founder of RegTek.Solutions, commented: “The market has responded with new approaches and solutions to deal with the complexity of SFTR.”
“The flexibility of our modular platform has allowed us to create a unique set of tools that fill gaps that firms can’t fill on their own. By supporting the testing and readiness projects, while also offering a full reporting platform, we’re giving firms a simple and cost-effective alternative to large utility solutions or internal build options.”
He added: “We’re also actively working on extending our unique completeness and accuracy reconciliations platform to provide controls so critical to the long-term success and sustainability of any reporting regime.”
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