About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

SimCorp Partners deltaconX to Deliver SFTR Reporting Solution

Subscribe to our newsletter

SimCorp is seeking to solve the data management issues of Securities Financing Transactions Regulation (SFTR) reporting with a cloud-based solution developed in partnership with regulatory compliance specialist deltaconX. The SFTR offering is included in SimCorp’s latest software release and provides transaction reporting through the deltaconX regulatory platform.

With the first wave of SFTR reporting requirements coming into force in April 2020, time is of the essence when it comes to reporting compliance for the buy-side – and with 155 fields of data to fill, data sourcing and post-trade reporting is no small task.

Carsten Kunkel, head of SimCorp’s Global Regulatory Centre of Excellence, says: “While the reporting regime may be structurally similar to EMIR, the buy-side cannot write off SFTR as just another EMIR. Up to 40% of the data required is estimated to be difficult to source. Firms cannot afford to take a piecemeal approach and instead must look to consolidated operations and robust regulatory reporting to tackle the impact of the regulation on business.”

The SimCorp solution focuses on transparency and data control, with differentiators such as the flexibility to load third-party data, such as tri-party agent collateral reports. Transactions are processed in SimCorp Dimension, the firm’s flagship investment management system, while the company’s Investment Book of Record (IBOR) is used for automated daily reporting, validation of trade data against the regulatory rule set, and an overview of transactions across business processes. The solution also comes with a standardised integration to the deltaconX platform, to manage the flow of reporting to trade repositories.

Based on Software-as-a-Service technology, the SFTR solution is part of a wider strategic move by SimCorp towards managed services with a focus on regulatory compliance and maintenance.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Real world data governance – Practical strategies for data ownership

The theories of data governance and ownership are well rehearsed. Essentially, data governance includes rules and processes that make data accurate, compliant and accessible, ensuring the right users can access trusted data as and when they need it. Data ownership assigns responsibility and accountability for a specific dataset to an individual or team that can...

BLOG

Snowflake Cortex Simplifies Route to Deriving Value from Generative AI

Snowflake has unveiled Snowflake Cortex, an innovative managed service designed to simplify how organisations derive value from generative AI. The service provides access to large language models (LLMs), AI models, and vector search functionality in the Snowflake Data Cloud, and includes serverless functions that help users accelerate analytics and build contextualised LLM-powered apps within minutes,...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...