BearingPoint initiates solution for SFTR reporting compliance
15 January 2019 Amsterdam
Image: Shutterstock
BearingPoint has expanded its ABACUS/Transactions software with a new 麻豆传媒 Financing Transactions Regulation (SFTR) module, which helps institutions comply with the reporting obligations.
Bodo Windmoeller, BearingPoint鈥檚 chief product officer, regtech, said: 鈥淢arket actors tend to underestimate the complexity drivers. Myriad regulations make financial services increasingly complex and costly.鈥�
鈥淩eporting institutions can rely on the various ABACUS/Transactions modules to reduce the negative effects of the ever-increasing regulatory requirements.鈥�
He continued: 鈥淥ur tried-and-tested solution already supports various types of transaction-based reports, ranging from European Markets Infrastructure Regulation, FMIA/FinfraG, Credit Support Annex and Money Market Statistical Reporting to the second Markets in Financial Instruments Directive/Markets in Financial Instruments Regulation, and now, SFTR. Our clients can make the most use of synergies along the regulatory value chain.鈥�
Alexander Becht, product manager for ABACUS/Transactions at BearingPoint, commented: 鈥淲e have already adopted the established EMIR reporting logic and infrastructure within our SFTR module, enabling the automatic generation and submission of reports to the trade repositories from within the solution.鈥�
He added: 鈥淎BACUS/Transactions has been in use since 2014 and has become well-established in the market, with renowned clients in seven countries successfully using the software to comply with several transaction-based reporting schemes.鈥�
Bodo Windmoeller, BearingPoint鈥檚 chief product officer, regtech, said: 鈥淢arket actors tend to underestimate the complexity drivers. Myriad regulations make financial services increasingly complex and costly.鈥�
鈥淩eporting institutions can rely on the various ABACUS/Transactions modules to reduce the negative effects of the ever-increasing regulatory requirements.鈥�
He continued: 鈥淥ur tried-and-tested solution already supports various types of transaction-based reports, ranging from European Markets Infrastructure Regulation, FMIA/FinfraG, Credit Support Annex and Money Market Statistical Reporting to the second Markets in Financial Instruments Directive/Markets in Financial Instruments Regulation, and now, SFTR. Our clients can make the most use of synergies along the regulatory value chain.鈥�
Alexander Becht, product manager for ABACUS/Transactions at BearingPoint, commented: 鈥淲e have already adopted the established EMIR reporting logic and infrastructure within our SFTR module, enabling the automatic generation and submission of reports to the trade repositories from within the solution.鈥�
He added: 鈥淎BACUS/Transactions has been in use since 2014 and has become well-established in the market, with renowned clients in seven countries successfully using the software to comply with several transaction-based reporting schemes.鈥�
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
