Xtrakter, in association with the British Bankers Association (BBA) has launched an educational initiative to increase awareness among financial institutions of their transaction reporting obligations to the Financial Services Authority (FSA) of the United Kingdom. This important initiative aims to both educate and inform participants about the importance of being compliant and the consequences of failing to do so.
Xtrakter has an established history of assisting the market in order to overcome a range of regulatory reporting challenges, says Yannic Weber, chief executive officer, Xtrakter. This initiative is a further sign of our willingness to work with organisations such as the BBA for the mutual benefit of our user community and the market as a whole. We are committed to helping market participants reduce their operational risk and remain suitably compliant.
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