Section 1 >The new regulatory challenge faced by EU firms
Section 2 >Regulatory scope and reporting requirements.
Section 3 >Bloomberg's SFTR solutions:
Market regulation continues to evolve since the most recent implementation in the European Union of the long awaited Markets in Financial Instruments Directive (MIFID II). While firms continue to adopt new technology and processes to be compliant with the rules of the directive, many must turn their sites to the upcoming Securities Financing Transaction Regulation (SFTR).
SFTR will likely come into effect in 2020 and it will have significant impact on the SFT market as firms look to capture all the data required for reporting under the regulation. The product development teams at Bloomberg have been working very closely with our clients who will be affected by SFTR to ensure that we are building scalable enterprise solutions that can provide efficiency for trading workflows, from execution and matching to reporting, with certainty that transactions are accurately being reported to qualified Trade Repositories. Bloomberg’s solutions across voice and e-trading workflows will ensure a 1-way matching of required data fields that are needed to report to a Trade Repository, and our Regulatory Reporting Hub (RHUB) will provide tools to help our clients identify incorrect or incomplete reports and enrich them with the appropriate static and instrument data.
This guide will give you a better understanding of the requirements, timelines, and scope of SFTR, as well as a description of the various enterprise solutions Bloomberg is further developing to help our clients meet this upcoming regulation.