Regulatory reporting teams have spent much of the past two years focused on rewrites, implementation deadlines and submission mechanics. The priority is now shifting to Post-Reporting Assurance: once a report has been filed, can the firm evidence that the data was accurate, complete, reconciled and subject to proper oversight?
That shift is shaping the next stage of Delta Capita’s Report Hub roadmap. RegTech Insight sat down with Mark Steadman, Managing Director and Head of Report Hub at Delta Capita, to discuss the platform’s post-acquisition integration, the expansion of managed services, MiFID development and growing demand for post-reporting assurance.Integration Complete
Report Hub has moved through a significant operational phase since becoming part of Delta Capita. Steadman said the business has completed rewrites for less commonly used reporting jurisdictions, including HKMA and South Korea, and has also completed the remaining integration work needed to bring Report Hub fully into Delta Capita’s operating environment.
“We are now fully now integrated into Delta Capital which was seamless for our clients.”
He added that remaining elements still linked to the DTCC portal, including login, have now been migrated to the Delta Capita equivalent. The practical significance is that Report Hub is now positioned inside Delta Capita’s broader post-trade services business.
The integration also supports the managed services model that was central to the acquisition rationale. “And that was the main driver of the acquisition of a report hub for Delta Capital, it’s the ability to offer all types of post trade managed services, which now includes reporting.”
Managed Services
Delta Capita has already onboarded managed services clients and is servicing them through Report Hub. The service covers the operational chain around reporting: preparing data, putting it into the required format, submitting to the trade repository and managing exceptions.
For firms under pressure to control cost, reduce operational fragility and keep pace with regulatory change, reporting failures often sit at the intersection of data quality, workflow control, exception handling and evidence. A managed model allows firms to access specialist reporting operations without maintaining the full burden internally.Post-Reporting Assurance
The reporting conversation has moved beyond submission mechanics as Steadman observes, “Traditionally, especially for smaller banks and the buyside, the focus has mainly been on getting data into the repository, but increased regulatory scrutiny that holds firms more accountable for complete accurate and timely reporting, including those who delegate their reporting, has increased demand for post-reporting assurance services.”
In practical terms, post-reporting assurance is firms reconciling their own books and records with reported data in the Trade Repository or Approved Reporting Mechanism, ensuring all data required has been reported, and anomaly checks.
Data Architecture
Steadman reported that Report Hub has upgraded its underlying data extraction architecture to a Data Lakehouse and is using Dremio to support governed access and analytics over reporting data.
Dremio describes its financial services platform as a way to unify fragmented transaction, risk, customer and regulatory data without complex extract, transform and load processes or data duplication, while supporting fine-grained access controls, query lineage and audit-ready metadata. For Report Hub, the relevance is the ability to build a more controlled analytical layer around submitted data, reconciliations and reporting exceptions.
Firms need to interrogate reported data, compare it with source records, identify anomalies, investigate exceptions and provide evidence to internal control teams, auditors and regulators. A more queryable data layer gives reporting operations teams a stronger basis for those checks.
For Report Hub, the architecture upgrade lays the groundwork for enhanced reconciliation and assurance services.
MiFID Expansion
Report Hub is also expanding its MiFID transaction reporting connectivity. The platform already reports into TRAX for MiFID purposes, and Delta Capita is extending the service to additional Approved Reporting Mechanisms (ARMs), alongside further functionality around the core reporting workflow.
Under UK MiFIR, firms may submit reports directly to the FCA’s Market Data Processor, through an ARM acting on their behalf, or via a trading venue submitting for entities executing through its systems. Under Article 15(3) of RTS 22, investment firms are required to ensure that transaction reports are complete and accurate, including by reconciling front-office records against data samples available through the FCA’s Market Data Processor entity portal. The FCA has reiterated that firms are required to perform these reconciliations and has contacted firms that were not making regular data extract requests.
Broader ARM connectivity gives Report Hub a wider routing model for MiFID reporting, while allowing Delta Capita to wrap common controls around submission, validation, exception handling, correction workflows and reconciliation. The roadmap point is therefore not just the addition of more reporting channels, but the move towards a more comprehensive managed services and reporting layer across MiFID operations.
AI Discipline
Steadman described mixed messages from the market on AI adoption: some firms expect vendors to show AI capability, while others are reassured when AI is absent from core processing. Regulatory reporting remains a process discipline. Each reporting action needs a defined control, documented workflow and explainable outcome. “What does that really mean?” asks Steadman. “Reporting is deterministic and has to be right 100% of the time so every action in the process has a standard process behind it that needs to be accurately documented.”
That view reflects the reality of regulatory reporting. Firms may use automation, analytics and eventually AI-supported workflow tools, but the underlying reporting process must remain repeatable, testable and auditable.
Reporting Confidence
As timely submission remains the regulatory reporting baseline, confidence now depends on what happens after the report has been filed: whether the data can be reconciled, checked, queried, explained and governed.
Delta Capita’s Report Hub is shaping a 2026 roadmap centred on managed services, post-reporting assurance, MiFID expansion and data architecture that supports stronger control. As the industry has completed much of the heavy rewrite work, the next challenge is proving that the reporting process is working as intended.
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