ATP joins Dutch pension fund PGGM and German asset manager Ampega which have gone live on SimCorp’s securities finance reporting solution.
Regulators seek to minimise the potentially wide-spread impact of Brexit on Europe’s capital markets.
In the first month of using SimCorp’s SFTR cloud solution, PGGM has processed over 320 trades and over 590 valuations.
The rise comes less than a month before sell-side firms will be required to report their trades under SFTR.
Trade repositories will be able to register with the Financial Conduct Authority (FCA) following the end of the Brexit transition period.
The majority of respondents said the global pandemic was impacting their ability to prepare for upcoming regulations.
National authorities are not expected to enforce the reporting obligations under SFTR as until 13 July 2020.
Despite calls for a delay to the securities finance regulation, service providers push forward with client testing.
ISLA and ICMA write to regulators appealing for delay due to Coronavirus pandemic.