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Join this webinar to gain insight into how others are tackling data, trade matching and reconciliation challenges to comply with regulatory reporting requirements under MiFID, EMIR, SFTR and more.
MIFID II’s reporting deadline may be getting closer yet firms have far to go in preparing to meet this requirement due to challenges with trade matching, data quality and reconciliation. In a DerivSource webinar, a panel of market participants will share their strategic plans for improving existing trade matching and reconciliation processes and use of trade data and identifiers to meet existing and upcoming regulatory reporting requirements including MIFID II, EMIR, SFTR and others.
The panel will specifically explore how they are addressing common market and operational challenges including ambiguities within reporting requirements, problems with data quality including management of UTIs/USIs and the need for greater scale to manage the increase in data sets while reducing exceptions and discrepancies which introduce additional risks. Additionally, the panel will review various global regulations that require trade reporting from market participants including MiFID II, EMIR, SFTR and others.
This webinar will cover the following discussion points:
-Gaining clarity – what are the ambiguities around reporting requirements that the market needs clarification on?
-UTI/USI management – how are firms tackling the use of data standards/identifiers and how can this be improved internally and within the market?
-Data quality – how is data quality a problem for firms and how can they address this?
-Reconciliation – where are the major breaks and pain points in existing trade matching and reconciliation processes and how can they be improved?
-Costs – will the cost to run updated reconciliation processes increase due to the expected growth in activity volumes and to run efficiently? -Risks - What risks do these operational issues create for firms?
-Transparency – how can firms improve their trade matching and reconciliation processes to gain better transparency internally?
-Long term – if processes aren’t improved to ensure reporting requirements are met, what consequences do firms face?
- Jim Bennett, Managing Director, Sapient Global Markets
- Virginie O’Shea, Research Director, Aite Group
- Matt Rodgers, Senior Manager, Sapient Global Markets
- Chad Giussani, Head of Transaction Reporting Compliance, Standard Chartered Bank
- David Masters, Director-Operations Regulatory Reporting-Regulatory Data Coordinator, Societe GeneraleGo here to register for this webinar.
Virginie O’Shea is a research director with Aite Group, heading up the Institutional Securities & Investments practice and covering data management, collateral management, legal entity onboarding, and post-trade technology. She brings to the firm more than 13 years of experience in tracking financial technology developments in the capital markets sector, with a particular focus on regulatory developments and standards.