LSEG units announce new deal for reporting of Securities Financing Transactions ahead of new regulations due in April next year.
Recent fines to investment banks over data reporting failings on trades have shown the importance of accuracy and quality.
As UK and European regulators clash over post-Brexit share trading rules, it could spell further divergence for post-trade arrangements.
SEB has become the second bank to select the trade repository for securities lending reporting, after Societe Generale signed up to the service in February.
Broadridge Financial Solutions has acquired certain private fund regulatory reporting services from PivotDada and Sol Hedge.
Northern Trust completed the transition of bringing Citadel’s technology team, in-house, essentially giving it the right to develop their own software for hedge funds.
Jeffrey Mooney was part of the regulatory team responsible for the US transition to a T+2 settlement cycle in 2017.
Supervisory technology (SupTech) is being explored by some regulatory bodies to overcome challenges of divergent reporting models between countries.
The go-live date for the regulation is set for Q2 2020 after the EC formally adopted the measures.
DTCC adds FIS Global, SimCorp, Broadridge, Murex and RegTek.Solutions as partners to its Global Trade Repository for SFTR reporting requirements.