Thu. Dec 3rd, 2020

Planet Compliance

Innovation & Regulation in Finance


Reporting includes solutions that focus on traditional transaction and regulatory reporting obligations. Trade and Transaction Reporting rules compel financial firms to submit data to exchanges and regulatory authorities. Regulatory Reporting is necessary to monitor the safety and soundness of the financial system and the compliance of its participants with its rules. Following the financial crisis, lawmakers and financial watchdogs have issued numerous new rules and thus raised the bar for firms to comply with their obligations. For instance, MiFID II, the revision of the EU’s Directive on markets in financial instruments that will apply from 2018 on, increases significantly the already challenging obligations of financial institutions in respect of what they have to report already. Needless to say, that MiFID II is not the only regulatory initiative added to the mix because of the regulator’s appetite for transparency; many in the industry believe that without innovative solutions firms may not be able to comply with their responsibilities in terms of reporting.

RegTechs for Reporting:

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