REGIS-TR, the pan-European leader in G20 trade repository services will collaborate with IHS Markit (Nasdaq: INFO), a market leader in critical information, analytics and solutions, to provide an interoperable, full service reporting solution for Securities Finance Transaction Regulation (SFTR) requirements.
IHS Markit recently announced that BNY Mellon, Brown Brothers Harriman, Deutsche Bank Agency Lending, eSecLending, J.P. Morgan and Rabobank have signed on as design partners for the SFTR reporting solution that it is building with Pirum Systems. Each member of the initial design group will contribute their requirements and market expertise to ensure the fully-hosted, end-to-end reporting framework suits the diverse needs of the securities lending and repo communities.
Irene Mermigidis, Managing Director, REGIS-TR said: “IHS Markit is working with industry leaders to design an SFTR reporting solution that can ease the complexity of routing data to trade repositories. Their data management and augmentation service, together with our flexible account models and cost effective solution, provide market participants with a robust framework for SFTR compliance. We are delighted to be working with IHS Markit on this initiative.”
Pierre Khemdoudi, managing director of Securities Finance, IHS Markit, said: “I’m delighted to be collaborating with REGIS-TR for our SFTR reporting solution. Having one of Europe’s largest trade repositories, with established pedigree in the SFT space, deliver the crucial final step of our end to end reporting solution will be a major asset to our solution’s user base, ensuring that we live up to our goal of delivering a seamless, fully interoperable, SFTR solution.”
SFTR requires EU counterparties to report their securities finance transaction details to a registered trade repository. IHS Markit’s SFTR reporting solution will combine its leading data handling and management capabilities with REGIS-TR's expertise as one of Europe's largest EMIR trade repositories. Together, the firms will offer a fully-hosted solution that leverages existing industry data workflows to lower the cost and operational burden of SFTR.
REGIS-TR is a central trade repository for trades and transactions across multiple product classes and jurisdictions. The trade repository is open to financial and non-financial institutions and services all of the major regulatory reporting obligations in Europe.
REGIS-TR collects and administers details of trades and transactions reported by its clients to give market participants and regulators an aggregated view of positions in compliance with the appropriate regulations.
In addition to its core services, REGIS-TR is already progressing well towards its goal of becoming a one-stop-shop for regulatory reporting requirements. In addition to SFTR, it already provides cost effective EMIR and FinfraG regulatory reporting services to more than 1,500 client accounts – facilitating transparency to national and pan-European regulatory bodies.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, HIS Markit is committed to sustainable, profitable growth.