Regulatory Reporting Newsletter – Issue 9

In this edition of our Regulatory Reporting Newsletter, our experts examine the way forward for the new Unique Product Identifier (UPI) for swap data reporting, including its timeline and key considerations such as technology and costs. We also look at the importance of data quality in Regulatory Reporting with reference to ESMA’s Data Quality Report, and provide firms with an overview of the main areas they can address if looking to improve their data.

In addition to this, we aim to illustrate to firms the importance of less prominent regulation and emphasize the requirement to remain up to date in a range of areas beyond those where regulatory activity has been most concentrated. This includes changes to reference data driven reporting as well as expansion and enforcement of requirements by the European Central Bank.

Finally, as global rulesets harmonise, we look at how and why many firms are moving away from the in-house reporting capability model, instead choosing to partner with managed service providers to supplement their regulatory operations and technology needs.

To read the newsletter in full, click HERE!

Articles by Akua Frimpong, Adam Hayward, Nathan O’Reilly, and Neha Agarwal Marwah. Edited by Paul Grainger, with support from James Krukowski and Eleonora Vassanelli.