Margin Reform partners with SteelEye
13 August 2020 London
Image: Ivan Kruk / Shutterstock.com
SteelEye, the compliance technology and data analytics firm, has partnered with Margin Reform to support the consultancy鈥檚 clients with compliance and regulatory reporting solutions.
Margin Reform will provide SteelEye鈥檚 RegTech suite to its financial clients as they address the challenges of the evolving regulatory landscape.
During lockdown, many firms have faced increased complexity around regulatory compliance with regulations like the second Markets in Financial Instruments Directive (MiFID II) and the European Market Infrastructure Regulation (EMIR), the partners explain.
Major players such as and announced that they are leaving the regulatory reporting market, requiring thousands of firms to find a new solution.
At the same time, the UK鈥檚 Financial Conduct Authority (FCA) has on reporting accuracy and market abuse oversight, while surveillance is becoming harder with more people working remotely.
Matt Smith, CEO at SteelEye, highlights: 鈥淭here has been a significant increase in the demand from affected clients seeking automated solutions to properly handle their regulatory reporting and other compliance requirements.
鈥淚t is a situation that is ideally suited for SteelEye鈥檚 regulatory reporting and wider compliance suite, designed to enable firms to seamlessly manage multiple regulatory requirements within one platform.鈥�
A spokesperson for the firms tells SLT that client demand has driven this partnership, with Margin Reform having recorded 鈥渁n exponential increase in enquiries around regulatory compliance and reporting solutions鈥�.
Consequently, the consultancy selected SteelEye 鈥渂ecause of its broad range of RegTech solutions offered and data-centric approach to compliance鈥�.
SteelEye鈥檚 reporting suite captures and validates client data in real-time and automates large parts of the MiFIR/EMIR transaction reporting process.
By doing so, SteelEye aims to address the significant data integrity challenge many firms have faced following recent regulations and enables them to improve their operational efficiency while freeing up resources.
鈥淥ver the past two months, we have experienced a significant increase in the number of enquiries from clients around regulatory reporting,鈥� says Shaun Murray, CEO of Margin Reform.
鈥淭o support our growing client base, we wanted to partner with a vendor offering a highly-automated and efficient reporting solution as part of a wider compliance suite. After a careful review of the market, the breadth and scope of the SteelEye offering stood head and shoulders above the competition.鈥�
Margin Reform will provide SteelEye鈥檚 RegTech suite to its financial clients as they address the challenges of the evolving regulatory landscape.
During lockdown, many firms have faced increased complexity around regulatory compliance with regulations like the second Markets in Financial Instruments Directive (MiFID II) and the European Market Infrastructure Regulation (EMIR), the partners explain.
Major players such as and announced that they are leaving the regulatory reporting market, requiring thousands of firms to find a new solution.
At the same time, the UK鈥檚 Financial Conduct Authority (FCA) has on reporting accuracy and market abuse oversight, while surveillance is becoming harder with more people working remotely.
Matt Smith, CEO at SteelEye, highlights: 鈥淭here has been a significant increase in the demand from affected clients seeking automated solutions to properly handle their regulatory reporting and other compliance requirements.
鈥淚t is a situation that is ideally suited for SteelEye鈥檚 regulatory reporting and wider compliance suite, designed to enable firms to seamlessly manage multiple regulatory requirements within one platform.鈥�
A spokesperson for the firms tells SLT that client demand has driven this partnership, with Margin Reform having recorded 鈥渁n exponential increase in enquiries around regulatory compliance and reporting solutions鈥�.
Consequently, the consultancy selected SteelEye 鈥渂ecause of its broad range of RegTech solutions offered and data-centric approach to compliance鈥�.
SteelEye鈥檚 reporting suite captures and validates client data in real-time and automates large parts of the MiFIR/EMIR transaction reporting process.
By doing so, SteelEye aims to address the significant data integrity challenge many firms have faced following recent regulations and enables them to improve their operational efficiency while freeing up resources.
鈥淥ver the past two months, we have experienced a significant increase in the number of enquiries from clients around regulatory reporting,鈥� says Shaun Murray, CEO of Margin Reform.
鈥淭o support our growing client base, we wanted to partner with a vendor offering a highly-automated and efficient reporting solution as part of a wider compliance suite. After a careful review of the market, the breadth and scope of the SteelEye offering stood head and shoulders above the competition.鈥�
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