TradeChannel partners with REGIS-TR on SFTR
17 May 2019 London
Image: Shutterstock
TradeChannel has created a Securities Financing Transactions Regulation (SFTR) solution that is ready for early testing against REGIS-TR.
TradeChannel expanded its collaboration with REGIS-TR to provide the end-to-end reporting solution for SFTR requirements.
Mikkel M枚rdrup, CEO of TradeChannel, said: 鈥淩EGIS-TR has been a highly valuable partner to us for many years. Their industry expertise and knowledge have been essential in providing our clients with insights to the ever-changing regulatory landscape.鈥�
鈥淲e are happy to collaborate with REGIS-TR in providing a solution for SFTR. With European Markets Infrastructure Regulation (EMIR) we saw initial transaction matching reconciliation breaks, that we also expect to see with SFTR.鈥�
鈥淗aving an end-to-end reporting solution with REGIS-TR as the endpoint provides for an efficient reconciliation process and ensuring our client's compliance.鈥�
Irene Mermigidis, managing director, REGIS-TR, cited: 鈥淭radeChannel is a long-standing partner since the early days of the entry into force of the EMIR reporting requirements.鈥�
鈥淥ver the last five years, they have been a reliable partner and the level of satisfaction of our common clients is excellent. We look forward to extending the close relation with TradeChannel by another transaction based regulation, SFTR.鈥�
鈥淭he reporting requirements under SFTR will be much more complex than any other transaction-based regulation, but due to the highly flexible platform, as well as their proven professionalism, we are confident that TradeChannel will continue supporting our common clients to comply with their regulatory reporting needs, after the implementation of SFTR.鈥�
TradeChannel expanded its collaboration with REGIS-TR to provide the end-to-end reporting solution for SFTR requirements.
Mikkel M枚rdrup, CEO of TradeChannel, said: 鈥淩EGIS-TR has been a highly valuable partner to us for many years. Their industry expertise and knowledge have been essential in providing our clients with insights to the ever-changing regulatory landscape.鈥�
鈥淲e are happy to collaborate with REGIS-TR in providing a solution for SFTR. With European Markets Infrastructure Regulation (EMIR) we saw initial transaction matching reconciliation breaks, that we also expect to see with SFTR.鈥�
鈥淗aving an end-to-end reporting solution with REGIS-TR as the endpoint provides for an efficient reconciliation process and ensuring our client's compliance.鈥�
Irene Mermigidis, managing director, REGIS-TR, cited: 鈥淭radeChannel is a long-standing partner since the early days of the entry into force of the EMIR reporting requirements.鈥�
鈥淥ver the last five years, they have been a reliable partner and the level of satisfaction of our common clients is excellent. We look forward to extending the close relation with TradeChannel by another transaction based regulation, SFTR.鈥�
鈥淭he reporting requirements under SFTR will be much more complex than any other transaction-based regulation, but due to the highly flexible platform, as well as their proven professionalism, we are confident that TradeChannel will continue supporting our common clients to comply with their regulatory reporting needs, after the implementation of SFTR.鈥�
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