The upcoming rule changes will involve a dramatic increase in the amount of data reported by mutual and exchange traded funds.
For the first time, trade reporting requirements will be imposed on repos and other securities financing transactions.
The securities lending and prime brokerage divisions of five banks and Vanguard have joined the SFTR design partner group.
Trade repositories set up under EMIR have received criticism by ESMA over reporting fees and other teething issues.
Tradeweb, MarketAxess’ Trax, Bloomberg, NEX Regulatory Reporting and TRADEcho all received APA authorisation.
Technology, data and reporting enhancements was frequently citied as areas for improvement for service providers in Global Custodian's HFA survey.
Varying rules in different jurisdictions risk confused approach to segregating assets.
The role of custodians in the ESG space will be focused on reporting data to clients.
Stringent reporting requirements are putting market participants under significant pressures.