ABN AMRO selects UnaVista for SFTR and MiFID II reporting services
19 November 2019 London
Image: Shutterstock
ABN AMRO has selected UnaVista, part of London Stock Exchange Group, as its regulatory reporting platform for the EU Securities Financing Transactions Regulation (SFTR), which is set to go live in April 2020.
UnaVista will additionally provide the Dutch bank with transaction reporting services related to the second Markets in Financial Instruments Directive (MiFID II).
ABN AMRO will use the UnaVista SFTR Accelerator, a data testing tool that allows firms to import sections of the required data to test against the European Securities and Market Authority’s (ESMA) regulatory technical standards.
According to UnaVista, the Accelerator Tool includes the ability to import data in the ESMA mandated XML ISO20222 format and to reconcile with counterparties for pre-matching.
The final draft of ESMA's XML reporting framework is due to belatedly be finalised this week after defects were flagged by the ISO evaluation team with its previous version.
UnaVista’s extensive Partner Programme allows clients to connect directly to the repository via its collaborative reporting solutions.
In a statement on the mandate win, UnaVista said it was selected for MiFID II reporting due to its “suite of additional products offered, which help firms to streamline their regulatory reporting”.
ABN AMRO’s SFTR implementation lead, Jop Rouw, said: “We like to focus on our core business and fulfil our trade reporting obligations at the same time. With professional partners like UnaVista, we think we can have the best of both worlds.”
UnaVista will additionally provide the Dutch bank with transaction reporting services related to the second Markets in Financial Instruments Directive (MiFID II).
ABN AMRO will use the UnaVista SFTR Accelerator, a data testing tool that allows firms to import sections of the required data to test against the European Securities and Market Authority’s (ESMA) regulatory technical standards.
According to UnaVista, the Accelerator Tool includes the ability to import data in the ESMA mandated XML ISO20222 format and to reconcile with counterparties for pre-matching.
The final draft of ESMA's XML reporting framework is due to belatedly be finalised this week after defects were flagged by the ISO evaluation team with its previous version.
UnaVista’s extensive Partner Programme allows clients to connect directly to the repository via its collaborative reporting solutions.
In a statement on the mandate win, UnaVista said it was selected for MiFID II reporting due to its “suite of additional products offered, which help firms to streamline their regulatory reporting”.
ABN AMRO’s SFTR implementation lead, Jop Rouw, said: “We like to focus on our core business and fulfil our trade reporting obligations at the same time. With professional partners like UnaVista, we think we can have the best of both worlds.”
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