The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Barclays, Goldman Sachs and J.P. Morgan select DTCC for SFTR compliance

As the deadline for the European Union’s Securities Financial Transactions Regulation (SFTR) approaches,  Barclays, Goldman Sachs and J.P. Morgan have signed up to use DTCC’s Global Trade Repository (GTR) service to meet their obligations under the regulation, which is due to take effect in April 2020. Other banks already signed up to the service as they prepare for SFTR compliance include SEB and Societe Generale.

The DTCC solution supports all product types to be reported under SFTR, including repo and reverse repo, securities and commodities lending and borrowing, sell/buy-back, buy/sell-back and margin lending and borrowing. In addition to supporting core trade repository requirements, the solution offers value-added services, such as data transformation tools and consulting. It also adds to services for EMIR and Finfrag that are built on the GTR platform.

The company advises firms within the scope of the regulation to take a strategic approach to its requirements, rather than viewing them as a compliance exercise, in order to gain opportunities including increased levels of pre-trade matching, reduced trade fails and greater collateral efficiencies, which will result in benefits such as balance sheet optimisation.

Related content

WEBINAR

Recorded Webinar: Managing unstructured data to ensure regulatory compliance and add value

As unstructured data floods into capital markets in the wake of traditional structured data, firms must manage both data types and ensure ease of access to extract data required for regulatory compliance efficiently and effectively. Beyond compliance, firms can add value to the business by gaining a clear understanding of their unstructured data, integrating the...

BLOG

UnaVista’s Closure of SFTR Service Adds Complexity to Reporting Landscape

The recent decision by London Stock Exchange Group’s UnaVista to close its SFTR reporting service will force clients to decide on selection and implementation of alternative arrangements for meeting their obligations under the EU’s Securities Finance Transaction Reporting regulation. UnaVista late last month said it would cease operations of its SFTR in January 2022, leaving...

EVENT

A-Team Innovation Summit London

The Innovation Summit will showcase the latest cutting edge and state of the art technology and data driven innovations taking place in capital markets and will explore progress in shifting to digital and agile operating models, to enable transformative change, faster speed to market and a competitive edge.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...