A-Team Insight Blogs

Kaizen Extends ReportShield Service to MiFIR Trade Reporting

Share article

Quality assurance provider Kaizen Reporting has branched out to include Markets in Financial Instruments Regulation (MiFIR) reporting in its flagship ReportShield service, which will be led by new hire Chris Machin, the brains behind the London Stock Exchange’s (LSE’s) MiFID II transparency service, TRADEcho.

Kaizen managing director Ian Rennie notes: “With both buy-side and sell-side financial firms turning their attention to the quality of the data published in the real-time reports through Approved Publication Arrangements, trade reporting is an important focus for our clients.”

Under MiFID II, investment firms are required to report on both trades and transactions. Trade reporting improves the near to real-time trade transparency information published to potential investors. Financial details of trades are reported to an Approved Publication Arrangement (APA) for dissemination to the market.

In transaction reporting, trade details must be reported in T+1 to an Approved Reporting Mechanism (ARM) that validates the data before sending the reports to regulators. Kaizen’s ReportShield assurance service provides a set of four controls that test the accuracy and completeness of these regulatory reports.

Machin, who as head of client support for Simplitium was instrumental in developing the APA TRADEcho in partnership with the LSE, brings with him to Kaizen a wealth of experience on regulatory regimes including MiFIR, CSDR, SFTR, MAR, EMIR and Dodd-Frank.

Formerly in global banking and with experience at both UBS and Credit Suisse, Machin’s move to Kaizen adds to the company’s growing list of regulatory experts.  Earlier this year, the regtech firm hired former regulator and EMIR and MiFIR expert David Nowell, along with the former head of the ICMA Taskforce on SFTR, Jonathan Lee.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Recorded Webinar: Data lineage to drive compliance and as a business imperative

The importance of data lineage has escalated in recent years in response to regulatory demand and increased business understanding of the benefits it can deliver. Like all capital markets technology, data lineage presents both challenges and opportunities, so how best can it be implemented and sustained? And how can your organisation reap the rewards of...

BLOG

Can Data Management Solve Fund Managers’ Pricing Predicaments in Fixed Income?

With ‘transparency’ becoming a buzzword for investors, Joseph Cordahi, Product Strategy Director at NeoXam, explains why smarter data management holds the key to EU based fund managers solving the fixed income pricing and valuations dilemma. Few topics spark dialogue in the world of finance more regularly than the struggle to secure accurate fixed income valuations...

EVENT

Data Management Summit London

Now in its 8th year, the Data Management Summit (DMS) in London explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Entity Data Management Handbook – Fifth Edition

Welcome to the fifth edition of A-Team Group’s Entity Data Management Handbook, sponsored for the fourth year running by entity data specialist Bureau van Dijk, a Moody’s Analytics Company. The past year has seen a crackdown on corporate responsibility for financial crime – with financial firms facing draconian fines for non-compliance and the very real...